Solved

Which Statement Relating to Comparability Is True

Question 7

Multiple Choice

Which statement relating to comparability is true?


A) It requires an entity, as far as possible, to use the same accounting method from year to year.
B) It means a company can never change an accounting method.
C) It means all firms in the same industry should use the same accounting methods.
D) It means the same depreciation method must be employed for all classes of non-current assets.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions