Which Statement Best Explains the Meaning of "Comparability" in Financial

question 20

Multiple Choice

Which statement best explains the meaning of "comparability" in financial reporting?

• A)Financial information that is available quickly to financial statement users.
• B)Financial information that can be objectively confirmed by another person.
• C)Financial reports that are comprehendible to the users of such reports.
• D)Financial statement preparers using consistent accounting policies year over year.

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Definitions:

Families

Groups of individuals related by blood, marriage, or a sense of commitment, often forming the basic unit of society.

Beta-Amyloid

A protein fragment snipped from an amyloid precursor protein that, in excessive amounts, can form plaques in the brain and is a hallmark of Alzheimer's disease.

Protein Tau

A protein associated with the stabilization of microtubules in nerve cells, whose abnormal accumulation is linked to neurodegenerative diseases like Alzheimer's.

Plaques

Deposits of fatty substances, cholesterol, cellular waste products, calcium, and fibrin in the inner lining of an artery.