Which of the following statements is correct regarding comparability of governmental financial reports? a. Comparability is not

Question:

Which of the following statements is correct regarding comparability of governmental financial reports?

a. Comparability is not relevant in governmental financial reporting.

b. Differences between financial reports should be due to substantive differences in underlying transactions or the governmental structure.

c. Selection of different alternatives in accounting procedures or practices account for the differences between financial reports.

d. Similarly designated governments perform the same functions.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Advanced Financial Accounting

ISBN: 9781260165111

12th Edition

Authors: Theodore Christensen, David Cottrell, Cassy Budd

Question Posted: