Which of the following statement(s)is/are true of the qualitative characteristic 'comparability'?
A) A financial report must show corresponding results for the preceding period.
B) A financial report must be presented in a consistent manner, hence, an entity must adopt similar accounting policies from period to period even though a more reliable and relevant alternative exist.
C) A financial report must contain all material and relevant items.
D) A financial report must show corresponding results for the preceding period and be presented in a consistent manner, hence, an entity must adopt similar accounting policies from period to period even though a more reliable and relevant alternative exist.

Question

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The Answer of Which of the following statement(s)is/are true of the qualitative characteristic 'comparability'?
A) A financial report must show corresponding results for the preceding period.
B) A financial report must be presented in a consistent manner, hence, an entity must adopt similar accounting policies from period to period even though a more reliable and relevant alternative exist.
C) A financial report must contain all material and relevant items.
D) A financial report must show corresponding results for the preceding period and be presented in a consistent manner, hence, an entity must adopt similar accounting policies from period to period even though a more reliable and relevant alternative exist.

Which of the Following Statement(s)is/are True of the Qualitative Characteristic