The statements which shows the profitability and financial position of a firm for different periods of time in a comparative form are called _____________.

Comparative statements

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Common size statements

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Cash flow statements

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None of these

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Solution

The correct option is A
Comparative statements

The statements which shows the profitability and financial position of a firm for different periods of time in a comparative form are called comparative statements.

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Similar questions

Q. Common size financial statements make it easier to compare firms ____________.

Q. A _____________ is a document that compares a particular financial statement with prior period statements or with the same financial report generated by another company.

Q. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reasons (R).

Assertion (A) - The income statement and the balance sheet are financial statements that show the cash flows in and out of the business unit.

Reason (R) - The general purpose of financial statements is to show the financial position and performance of a business unit.

In the context of the above two statements, which of the following is correct?

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These are the statements which indicate the relationship of different items of a financial statement with a common item by expressing each item as a percentage of that common item.

A financial statement that shows the inflows and outflows of cash during a particular period of time is known as:

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The statements which shows the profitability and financial position of a firm for different periods of time in a comparative form are called _____________.

The correct option is A Comparative statements The statements which shows the profitability and financial position of a firm for different periods of time in a comparative form are called comparative statements.

The correct option is A
Comparative statements

The statements which shows the profitability and financial position of a firm for different periods of time in a comparative form are called comparative statements.