Rules for interim reporting require that comparative information be presented. What comparative information should the current statement of financial position include?

A) The same quarter, last year
B) The immediate preceding quarter
C) The year end, last year
D) As budgeted for the period

Interim Reporting

A financial reporting method used by companies to provide financial statements over periods shorter than a fiscal year, often quarterly.

Financial Position

A snapshot of what a company owns and owes at a specific point in time, often presented in the form of a balance sheet.