Multiple Choice
Which of the following is/are characteristics of 'comparability'?
A) Users must be able to compare the financial reports of an entity with the financial reports of a shareholder.
B) Users must be able to compare the current financial reports with prior period financial reports of an entity.
C) Users must be able to compare the financial reports of an entity with the financial reports of another entity.
D) Users must be able to compare the current financial reports with prior period financial reports of an entity and users must be able to compare the financial reports of an entity with the financial reports of another entity.
Correct Answer:
Verified
Correct Answer:
Verified
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