A Comparative Financial Statement

question 89

Multiple Choice

A comparative financial statement:

• A)Places the balance sheet,the income statement,and the statement of cash flows side-by-side in order to compare the results.
• B)Places two or more years of a financial statement side-by-side in order to compare results.
• C)Places the financial statements of two or more companies side-by-side in order to compare results.
• D)Places the dollar amounts next to the percentage amounts of a given year for the income statement.

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Definitions:

General Account

A summary or overview that encompasses a wide range of details or information about a specific topic or area of interest.

Egoist

An egoist is someone who acts out of self-interest, prioritizing their own benefits in their decisions and actions, often at the expense of others.

Own Ends

Pursuit of one's personal goals or objectives, typically without regard to the means by which they are achieved.

Motivated

Having a strong desire to do or achieve something.