Why would the comparative financial statements be required?

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Why would the comparative financial statements be required?
November 30, 2019 Comments Off on Why would the comparative financial statements be required? Course Work Assignment help
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Both GAAP and IFRS require that firms provide balance sheets and income statements from at least 2 years in annual financial reports. Why would the comparative financial statements be required? Identify and explain at least 3 benefits for users of the comparative financial statements compared to single year financial statements.

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