What is the difference between comparability and consistency as they relate to the use of accounting information?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
Comparability is the quality of information that ...View the full answer
Answered By
Rayan Gilbert
I have been teaching since I started my graduation 3 years ago. As a student, working as Teacher/PA has been tough but made me learn the needs for student and how to help them resolve their problems efficiently. I feel good to be able to help out students because I'm passionate about teaching. My motto for teaching is to convey the knowledge I have to students in a way that makes them understand it without breaking a sweat.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
Question Posted:
Students also viewed these Accounting questions
-
What is the difference between information and referral interviews?
-
What is the difference between information visualization and visual analytics?
-
What is the difference between the accounting treatment of overhead for a service business and for a manufacturer?
-
The following is a schedule of property dispositions for Shangari Corp.: The following additional information is available: Land On February 15, land that was being held mainly as an investment was...
-
1. Give an example showing how rules describing small but cumulatively significant outcomes often fail to control our behavior. 2. Now change your example rule to show how a similar rule probably...
-
Consider the air pollution and mortality data given in Problem 3.15 and Table B. 15 . Problem 3.15 McDonald and Ayers [1978] present data from an early study that examined the possible link between...
-
Given the following diagram, determine the total system reliability if the individual component reliabilities are: A = 0.94, B = 0.90, and C = 0.87. B A
-
Chilton Corporation produced 2 , 5 0 0 units for Job 9 0 3 . The following data is provided for Job 9 0 3 for the year: Direct materials used $ 3 , 0 0 0 Direct labor costs $ 8 7 5 Actual...
-
The following data apply to Jacobus and Associates (millions of dollars): Cash ................................... $ 400 Fixed assets ................... $ 4,300 Sales .................................
-
What is the qualitative characteristic of comparability? Why is it important in preparing financial statements?
-
How does the concept of materiality relate to the size of a company?
-
Find the limit L. Then use the - definition to prove that the limit is L. lim (x + 1) x-3
-
Find an example of a price-sensitive consumer market. Why do you think this market is price sensitive and is there anything that the manufacturers or retailers could do to make it less so?
-
As a vice president of a financial services company, you serve many clients and they sometimes ask your company to contribute to their favorite charities. You recently received a letter from Elliana...
-
Compile a checklist of criteria against which a fashion e-tail website might be assessed. Visit three websites e-tailing clothing to a similar target audience. Compare and contrast those sites in...
-
Using Table 8.2 on p. 331 as a starting point, develop lists of criteria that a manufacturer might use in defining: (a) good retailers; and (b) good wholesalers to recruit for consumer market...
-
How might the roles undertaken by various members of a two-parent family vary between the buying decisions for: (a) a house? (b) something for tonights dinner? (c) a birthday present for a...
-
Compare and contrast the differences among SRI, ESG, and impact investing approaches and the asset classes that they are more likely to be found.
-
Refer to the information from Exercise 22-19. Use the information to determine the (1) Weighted average contribution margin , (2) Break-even point in units, and (3) Number of units of each product...
-
Netflix, the DVD and streaming video company, enjoyed a stock price above $100 for many months. However, it tried to change its pricing policy and lost subscribers. In announcing 2011 thirdquarter...
-
Using Y for yes and N for no, indicate whether each of the following items should be included in cash and cash equivalents on the balance sheet. If an item should not be included in cash and cash...
-
You are opening a summer business, a chain of three drive-through snow-cone stands. You have hired other college students to work and have purchased a cash register with locked-in tapes. You retain...
-
Motel $49.99 has purchased a large warehouse to store all supplies used by housekeeping departments in the companys expanding chain of motels. In the past, each motel bought supplies from local...
-
Assignment 1 1. Write a program to implement the following formula for a -10 and b = 4; result = (a + 2b - 4ab)^4 // ^4 means to the power of 4 (1 mark) 2. Write a program to implement result = sin...
-
I have most of it done, I just need help fixing some things. import java.util.Scanner; public class Main { private String[] database; private Scanner input; public Main() { database = new...
-
Part 2 - WeatherMonitor Suppose you observe daily temperatures and want to know how hot each day is compared to recent days. That is, you want to: keep track of daily temperature values and know for...
Study smarter with the SolutionInn App