Use of the same accounting methods over time facilitates:
A) disclosure
B) prudence
C) comparability
D) reliability.

Question

Quizplus · Accepted Answer

Use of the same accounting methods over time facilitates comparability, as it allows for consistent measurement and presentation of financial information that can be compared across different periods. This is important for investors, analysts, and other stakeholders who rely on financial statements to make informed decisions. While disclosure, prudence, and reliability are also important accounting principles, they are not directly related to the use of the same accounting methods over time.

Use of the Same Accounting Methods Over Time Facilitates