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Consistency Aids Comparability When a Company Uses the Same Accounting

question 119

True/False

Consistency aids comparability when a company uses the same accounting principles and methods from year to year or when companies with similar circumstances use the same accounting principles.


Definitions:

Troubles

Difficulties or problems causing distress or worry in an individual's personal life.

Compulsion

A strong, usually irresistible urge to perform an act, especially one that is irrational or contrary to one's will.

Obsession

A persistent, intrusive thought, idea, or image that causes significant stress or anxiety.

Fugue

A psychiatric disorder characterized by reversible amnesia for personal identity, including the memories, personality, and other identifying characteristics of individuality.

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