Which of the Following Statement(s)is/are True of the Qualitative Characteristic

question 9

Multiple Choice

Which of the following statement(s) is/are true of the qualitative characteristic "comparability"?

• A)A financial report must show corresponding results for the preceding period.
• B)A financial report must be presented in a consistent manner,hence,an entity must adopt similar accounting policies from period to period even though a more reliable and relevant alternative exist.
• C)A financial report must contain all material and relevant items.
• D)All of the given answers.
• E)A financial report must show corresponding results for the preceding period and be presented in a consistent manner,hence,an entity must adopt similar accounting policies from period to period even though a more reliable and relevant alternative exist.

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Definitions:

Groups

Collections or sets of individuals or objects that are studied in experiments, often defined by sharing certain characteristics or conditions.

Total N

Total N refers to the total number of observations or samples in a study or experiment.

Chi-square Statistic

A statistic used to assess the fit of an observed distribution to an expected distribution.

Critical Value

Value of a statistic that separates the regions of rejection and nonrejection.