19. The comparison of a financial statement item or ratio with the same item or ratio from a prior period often helps the user identify trends in a company's economic performance, financial condition, liquidity, solvency, and profitability.The comparison of a financial statement item or ratio to other companies in the same industry can provide insight into a company's economic performance and financial condition relative to its competitors.

A. True

B. False: The comparison of a financial statement item or ratio with the same item or ratio from a prior period seldom helps the user identify trends in a company's economic performance, financial condition, liquidity, solvency, and profitability.

C. False: The comparison of a financial statement item or ratio to other companies in the same industry cannot provide insight into a company's economic performance and financial condition relative to its competitors.

D. both B and C

E. one of the above