Select the Statement Below That Correctly Describes the Qualitative Characteristic

question 92

Multiple Choice

Select the statement below that correctly describes the qualitative characteristic of comparability.

• A)Information is reasonably free of error and bias to be comparable.
• B)Financial data is presented in such a manner that it can be meaningfully compared with the same data for other companies.
• C)Financial results of one period should closely resemble the financial results of a previous period.
• D)The financial reports reflect what really happened during a time period.

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Definitions:

Slope

In linear regression, the slope indicates the steepness and direction of the relationship between two variables, representing the amount of change in the dependent variable for a one-unit change in the independent variable.

Regression Line

A statistical method used to describe the linear relationship between two or more variables, often depicted as a straight line on a graph.

Stock Return

The profit or loss made on an investment in stock, usually expressed as a percentage of the purchase price.

Slope

The measure of the steepness and direction of a line, representing the rate of change of a function.