According to the Generally Accepted Accounting Principles (GAAP), financial statements must be relevant, consistent, reliable, and
A) timely.
B) subjective.
C) comparable.
D) understandable.
E) flexible.

Question

Quizplus · Accepted Answer

Financial statements must be comparable to allow users to identify trends and make comparisons across different periods or entities.

According to the Generally Accepted Accounting Principles (GAAP), Financial Statements