An enhancing qualitative characteristic of accounting information that refers to the financial statement users' ability to utili

Question

just olya [345]

3 years ago

8

An enhancing qualitative characteristic of accounting information that refers to the financial statement users' ability to utili

ze accounting information to differentiate between companies that are reporting similar events is_________

Business

1 answer:

attashe74 [19] · Answer 1 · 2022-06-04T14:54:42+03:00

Answer: Comparability

Explanation:

The comparability is the term which is used to refers to the standardization which basically describe about the accounting information of an organization.

It helps in enhancing the quantitative characteristics for measuring the overall economical activities between the companies based on their specific status.

According to the given question, the users using the accounting information for differentiating between different types of companies that helps in reporting the various types of same events and this is known as comparability.

Therefore, Comparability is the correct answer.