Financial Statements with Data for Two or More Successive Accounting

question 5

Multiple Choice

Financial statements with data for two or more successive accounting periods placed in columns side by side,sometimes with changes shown in both dollar amounts and percentages,are referred to as:

• A)Period-to-period statements.
• B)Controlling statements.
• C)Successive statements.
• D)Comparative statements.
• E)Serial statements.

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Definitions:

Justification

The process or reasons given to demonstrate something is reasonable or necessary, often used to show that an action or decision is appropriate.

Premise

A premise or proposition that serves as the groundwork for a conclusion that is drawn from it.

Conclusion

The final part of something, particularly an argument or a logical reasoning process; the outcome that follows logically from premises.

DS

Could refer to multiple concepts depending on context; in computing, often shorthand for Directory Services.