Which Type of Accounting Principle Is Concerned with the Comparability

question 37

Multiple Choice

Which type of accounting principle is concerned with the comparability of financial statements of different firms?

• A)Input-oriented principles
• B)Output-oriented principles
• C)Constraining principles
• D)Both a and c

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Definitions:

Supply of Capital

Supply of Capital refers to the total amount of capital—whether in the form of cash, assets, or investments—available in the market for investment purposes.

Rental Price

The cost associated with renting a property, such as an apartment, house, or piece of equipment.

Concrete Workers

Individuals specialized in working with concrete, mixing, forming, and finishing surfaces and structures.

Wage

The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, received by an employee from an employer in exchange for work done.