Question

he 12-month period that ends when a company's activities are at their lowest point is called the:(A) Fiscal year.(B) Calendar year.(C) Natural business year.(D) Accounting period.(E) Interim period.

Answer 1

C) Natural business year.

Step-by-step explanation:

A natural business year is the period of 12 consecutive monthsending at a low point of an organization's activities.

For example, a school district will have a natural business year of July 1 through June 30, since classes for the school year end in early June.