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In: AccountingThere are two components of accounting, comparability andconsistency.Comparability is when different companies report the...There are two components of accounting, comparability andconsistency.Comparability is when different companies report the same thingbut use different methods to do so.Consistency is when the same company reports the sameinformation year after year.Part a)Provide examples of comparability and consistency. (Make upexamples, please elaborate)Part b)Also, please provide an example of an exception to usingcomparability and consistency. (when it is acceptable not to usethese methods)
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