Identify which of the following statements is false.

Identify which of the following statements is false.

a.) A corporation's fiscal year generally must end on the last day of the month.

b.) A corporation's first tax year may not cover a full 12-month period.

c.) A fiscal year may not end on December 31.

d.) A new corporation can elect a fiscal year that runs from February 16 to February 15 of the following year.