Financial statements with data for two or more successive accounting periods placed in columns side by side, sometimes with changes shown in both dollar amounts and percentages, are referred to as:
A) Comparative statements.
B) Successive statements.
C) Controlling statements.
D) Period-to-period statements.
E) Serial statements.

Question

Quizplus · Accepted Answer

Financial statements with data for two or more successive accounting periods placed in columns side by side, sometimes with changes shown in both dollar amounts and percentages, are referred to as comparative statements. These statements allow for easy comparison and analysis of financial data from period to period.

Financial Statements with Data for Two or More Successive Accounting