Financial statements with data for two or more successive accounting periods placed in columns side by side,sometimes with changes shown in both dollar amounts and percentages,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

Financial statements with data for two or more successive accounting periods placed in columns side by side, sometimes with changes shown in both dollar amounts and percentages, are referred to as comparative statements. This allows for easy analysis of changes and trends over time.

Financial Statements with Data for Two or More Successive Accounting