The Statement Relating to Comparability That Is True Is

question 2

Multiple Choice

The statement relating to comparability that is true is:

• A)It requires an entity,as far as possible,to use the same accounting method from year to year
• B)It means a company can never change an accounting method
• C)It means all firms in the same industry should use the same accounting methods
• D)It means the same depreciation method must be employed for all classes of non-current assets

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Definitions:

Valid Deductive Argument

A logical argument where, if the premises are true, the conclusion necessarily follows, ensuring its validity.

Conclusion

The proposition in an argument that is supported on the basis of other propositions.

Definitional Premises

Statements or assertions used in arguments that provide the meaning or explanation of terms used within the argument.

Analogies

Comparisons made between two things that are alike in some respects, often used to explain or argue.