________ requires all companies in an industry to follow similar accounting principles and methods.For example,most companies in the department store industry use the same inventory method.
A)Validity
B)Verifiability
C)Faithful representation
D)Consistency
E)Comparability

Question

Quizplus · Accepted Answer

Comparability requires companies to use the same accounting principles and methods across the board, allowing for easier comparison between companies in the same industry.

________ Requires All Companies in an Industry to Follow Similar