Which Statement Relating to Comparability Is Correct

question 22

Multiple Choice

Which statement relating to comparability is correct?

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

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Definitions:

Protein Molecules

Large, complex molecules that play many critical roles in the body, including catalyzing metabolic reactions, DNA replication, and transporting molecules.

Enzymatic Degradation

Enzymatic degradation is the breakdown of substances into simpler molecules by enzymes, playing a crucial role in digestion, metabolism, and clearance of wastes.

Glial Cells

Non-neuronal cells in the central and peripheral nervous system that provide support and protection for neurons, partaking in a wide range of critical functions including insulation (via myelin), support, and nutrition.

Synaptic Cleft

The small gap between neurons at a synapse, through which neurotransmitters are released, allowing for communication between neurons.