Comparable information ________.
A)needs to be current so it can be used to make decisions
B)can be verified as accurate and truthful
C)allows users to make comparisons across financial statements
D)is presented the same way period after period

Question

Quizplus · Accepted Answer

Comparable information should allow users to make comparisons across financial statements. This means that the information needs to be presented in a consistent way so that accurate comparisons can be made. However, currentness, accuracy, and consistency in presentation are all important factors for financial information, but only C directly relates to comparability.

Comparable Information ________