Financial statements with data for two or more successive accounting periods placed in columns side by side, sometimes with changes shown in dollar amounts and percents, are referred to as:
A) Period-to-period statements.
B) Controlling statements.
C) Successive statements.
D) Comparative statements.
E) Serial statements.

Question

Quizplus · Accepted Answer

The term "comparative statements" refers to financial statements that compare data from two or more accounting periods side by side, often showing changes in dollar amounts and percentages.

Financial Statements with Data for Two or More Successive Accounting