Which of the following is not a change in reporting entity? group of answer choices reporting using comparative financial statements for the first time. changing the companies that comprise a consolidated group. presenting consolidated financial statements for the first time. all are changes in reporting entity.

Reporting using comparative financial statements for the first time

Explanation:

Change in reporting entity is when previously distinct entities come together and jointly present a report. It also occurs when there is a new combination of entities, due to one leaving, a new entity joining or an entity being replaced by another.

When the companies that comprise a consolidated group are changed, this is a change in reporting entity. The same is true of presenting consolidated financial statements for the first time. Consolidated financial statements present financial information of a parent company and its subsidiaries as an entity.

However, comparative financial statements are not a change of reporting entity, they are simply financial reports that present the financial information of more than one period.

answer; the above statement/question is ( true);

an online clothing brand

explanation: