Question: What is the difference between comparability and consistency? Select answer from the options below Comparability means that a company s financial statements can be better

What is the difference between comparability and consistency?
Select answer from the options below
Comparability means that a companys financial statements can be better analyzed year-over-year, while consistency ensures that a companys financial statements can be compared to others in the same industry.
Comparability means that a company uses the same accounting treatments over time, while consistency means that various companies in the industry use the same accounting treatments.
Comparability means that a companys financial statements are prepared using the same accounting treatments over time, while consistency means that the same company regularly files its financial information on time.
Comparability means that when a company is preparing its financial statements, it is are using the same accounting treatments as others, while consistency means that the same accounting treatments are being applied by the same company over time.

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