Ask Question
BusinessBusiness
1 July, 04:57

is the comparison of two or more items on a financial statement over the course of two or more accounting periods or dates and the determination of the changes over that period.

+5
Answers (1)
  1. 1 July, 08:32
    0
    Comparability

    Explanation:

    The comparability accounting principle states that the financial information from one period can be compared to the financial information of another period to determine what changes have occurred during that time. It is one of the most important qualities that financial information should possess, since comparability allows year to year comparisons within the same company's financial information or the comparison of financial information between different companies. This is exactly why accountants have to follow certain procedures and norms like GAAP.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “is the comparison of two or more items on a financial statement over the course of two or more accounting periods or dates and the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A company has $107,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 5% of outstanding receivables are uncollectible.
Answers (1)
Which of the following indicates which fields have been included in the query? 1. select query 2. summary query 3. Expression Builder 4. Design grid
Answers (1)
Why was the creation of a national bank so important to the u. s. economy?
Answers (1)
Quality home made ice cream has plans to pay decreasing annual dividends of $1.50, $1.25, and $1.00 over the next three years, respectively. after that, the firm will increase the dividend by 4 percent each year.
Answers (1)
Immigration and inflation: Suppose a large number of new immigrants enter the labor market. Assume this increase in the supply of labor provides a drag on wage increases: wages rise by less than the prevailing rate of inflation over the next year.
Answers (1)
New Questions in Business
Lorna Perry, who works in a financial firm in Michigan, is required to calculate a large number of clients' accounts daily. She needs to tally figures and check accuracy at a high speed.
Answers (1)
The traits, skills, experience, knowledge, and other features necessary for job success are called internships. job qualifications. job salaries. health benefits.
Answers (1)
hich of the following is consistent with relationship marketing? Maintaining transactional relationships with customers Working with buyers to determine their individual needs Developing market share through mass media advertising Focusing more on
Answers (1)
The following investment opportunities are available to an investment center manager: Project Initial Investment Annual Earnings A $ 800,000 $ 90,000 B 100,000 20,000 C 300,000 25,000 D 400,000 60,000 Required: a.
Answers (1)
Suppose that examination of a pro forma reveals that the fifth-year net operating income (NOI) for an income-producing property that you are analyzing is $913,058 (you can assume that this cash flow occurs at the end of the year).
Answers (1)
Home » Business » is the comparison of two or more items on a financial statement over the course of two or more accounting periods or dates and the determination of the changes over that period.
Sign Up Forgot Password?