Benchmarks are not
A)points of comparison to use in evaluating financial statement amounts.
B)prior period results of a company which provide trend information.
C)competitor financial information to be used to evaluate a company's performance.
D)evaluations of a single business in a single period.

Question

Quizplus · Accepted Answer

Benchmarks are used for comparison purposes, such as comparing financial statements over time or against competitors, not for evaluating a single business in a single period.

Benchmarks Are Not