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:

Probability

A measure of the likelihood that a particular event will occur, expressed as a number between 0 and 1.

First Letter

The first letter typically refers to the initial character in a sequence of characters, such as those in an alphabet, word, or string of text.

Federal Holidays

Public holidays established by federal law in a country, during which non-essential federal government offices are closed, and employees are paid for the holiday.

Sample Space

The set of all possible outcomes or results in a probabilistic experiment or random trial.