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 not evaluations of a single business in a single period. Options A, B, and C are all accurate descriptions of benchmarks.

Benchmarks Are NOT