Select the Statement Below That Correctly Describes the Qualitative Characteristic

Multiple Choice

Select the statement below that correctly describes the qualitative characteristic of comparability.

A) Information is reasonably free of error and bias to be comparable.
B) Financial data is presented in such a manner that it can be meaningfully compared with the same data for other companies.
C) Financial results of one period should closely resemble the financial results of a previous period.
D) The financial reports reflect what really happened during a time period.