Comparative statements of financial position are usually prepared for
A) one year.
B) two years.
C) three years.
D) four years.

Question

Quizplus · Accepted Answer

Comparative statements of financial position are typically prepared for two years to provide a comparison of the changes that have taken place between the two years. This allows for an analysis of the financial performance and position of the entity.

Comparative Statements of Financial Position Are Usually Prepared for