A primary reason that the FASB requires that GAAP be consistently applied from one period to the next is
A)accuracy
B)completeness
C)neutrality
D)comparability

Question

Quizplus · Accepted Answer

The primary reason for requiring consistent application of GAAP from one period to the next is to ensure comparability. Comparability is important for users of financial statements to be able to analyze and make decisions based on the financial information provided.

A Primary Reason That the FASB Requires That GAAP Be