Financial statement users rely on ________ footnote information when comparing ________.
A)accounting policies,net income from prior years
B)contingencies,receivables balances
C)accounting policies,two or more firms in the same industry
D)employee policies,firms in different industries
E)both A & C

Question

Quizplus · Accepted Answer

Financial statement users rely on accounting policies and footnote information when comparing both net income from prior years and two or more firms in the same industry. Therefore, choices A and C are both valid options.

Financial Statement Users Rely on ________ Footnote Information When Comparing