The existence of diversified companies makes which of the following very difficult?
A)Comparison with industry norms
B)The preparation of interim financial statements
C)Use of more than one depreciation or inventory method
D)The compilation of segment information

Question

Quizplus · Accepted Answer

Diversified companies operate in multiple industries, making it difficult to compare their overall performance with industry norms, which are typically based on companies operating within a single industry.

The Existence of Diversified Companies Makes Which of the Following