Financial information does not demonstrate comparability when
A)firms in the same industry use different accounting methods to account for the same type of transaction.
B)a company changes its estimate of the residual value of a fixed asset.
C)a company fails to adjust its financial statements for changes in the value of the measuring unit.
D)none of these.

Question

Quizplus · Accepted Answer

The Answer of Financial information does not demonstrate comparability when
A)firms in the same industry use different accounting methods to account for the same type of transaction.
B)a company changes its estimate of the residual value of a fixed asset.
C)a company fails to adjust its financial statements for changes in the value of the measuring unit.
D)none of these.

Financial Information Does Not Demonstrate Comparability When