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.
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Related Book For
Advanced Financial Accounting
ISBN: 9781260165111
12th Edition
Authors: Theodore Christensen, David Cottrell, Cassy Budd
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