Answer
Standards allow the data that is presented to be compared across entities.
Work Step by Step
Standard presentation of data eliminates the confusion that would occur if each entity chose how to present its data.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 1 - Financial Accounting and Accounting Standards - Questions - Page 23: 6
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