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An investor complains that they cannot compare the firm’s statements to last yea...

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An investor complains that they cannot compare the firm’s statements to last year’s due to changed classifications. Which principle is relevant?

Relevance requiring removal of all prior year classifications

0%

Offsetting only when required by specific accounting rules

0%

Consistency of presentation unless change improves relevance

100%

Disclosure only when the auditor requires changes to format

0%

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