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Question

Comparative financial statements are prepared at the end of __________ .

A
Each financial year
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B
Every six months
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C
Every quarter of a year
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D
At the will of management
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Solution

The correct option is D At the will of management
Comparative financial statements are the complete set of financial statements that an entity issues, revealing information for more than one reporting period. The financial statements that may be included in this package are: The income statement (showing results for multiple periods)

These statements can be prepared anytime at the will of management.

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