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Create w X 7 Effecti Basic Cor × , D Learning https://adaptive.wileyplus.com/secure/adaptivelearningDashboardjsessionid-3 991E6DF3ACB249D015A86BEB000D1BD?C WileyPLUS ORION Accounting, 6e Practice-Ch 2: A Further Look at Financial Statements TIME S 00:03 Q 2.26: How are comparability and consistency similar as enhancing qualities of useful financial information A They both require the use of the same accounting principles and methods. B They both require the company to conform to GAAP C They both require financial statements to be completed quickly after the end of the Cheo Perforn Easy accounting period. About D They both require financial information to be presented clearly and concisely. Questio Diffie Stu Study t . Discus concept

Explanation / Answer

Both comparability and consistency require the use of the same accounting principles and methods from one period to another or one company to another within the same industry. Option A is correct

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