A purpose of comparative income statements is to
A)reveal trends in sales.
B)see how the company compares to its competitors.
C)show whether retained earnings has increased or decreased over the years.
D)help prevent fraud.

Question

Quizplus · Accepted Answer

Comparative income statements are used to analyze trends in sales and other financial metrics over multiple periods, helping to identify patterns and changes in performance.

A Purpose of Comparative Income Statements Is to