What is the difference between comparative financial statements and common-size comparative statements?
The financial statements are the final statements prepared by a business to compute the profitability for a particular period and the financial position on a particular date. The financial statements generally include the balance sheet, income statement, cash flow statement, change in equity statement, fund flow statement, comparative statement, etc. All these statements are available for the stakeholders of the business to analyse the business and it's performance.
Answer and Explanation: 1
Comparative Financial Statement Vs Common-size Financial Statement
Both the financial statements are prepared for further analysis and for a better...
See full answer below.
Learn more about this topic:
fromChapter 2 / Lesson 1
Learn about the types and importance of financial statements. See the financial statement definition, and study the purpose of financial statements.