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5 Jl True or False? Fiscal Years Usually Run for 18 Months True False

Question

5 Jl True or False? Fiscal years usually run for 18 months True False

Solution

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Answer

### False

Explanation

## Step1: Define Fiscal Year### A fiscal year is a period used for calculating annual financial statements in businesses and other organizations. It typically lasts 12 months.## Step2: Analyze the Statement### The statement claims that fiscal years usually run for 18 months, which contradicts the standard definition of a fiscal year being 12 months.