Which of the following statement(s) is/are true of the qualitative characteristic 'comparability'?

Select one:

a.

A financial report must show corresponding results for the preceding period.

b.

A financial report must show corresponding results for the preceding period and be presented in a consistent manner, hence, an entity must adopt similar accounting policies from period to period even though a more reliable and relevant alternative exist.

c.

A financial report must contain all material and relevant items.

d.

A financial report must be presented in a consistent manner, hence, an entity must adopt similar accounting policies from period to period even though a more reliable and relevant alternative exist.