Question

When financial information is measured and reported in a similar manner across different companies in the...

When financial information is measured and reported in a similar manner across different companies in the same industry it is:

Multiple Choice

  • faithfully represented.

  • comparable.

  • neutral.

  • consistent.

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Answer #1

The answer is comparable

When different companies in the industry adopt similar policies and reports information in a similar way, the statements becomes comparable

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