A comparative financial statement: a. Places the balance sheet, the income statement, and the statement of cash flows side-by-side in order to compare the results.
b. Places the dollr mounts next to the percentage amounts of a given year forthe income statement.
c. Places two or more years of a financial statement side-by-side in order to compare resuits.
d. Places the financial statements of two or more companies side-by-side in order to compare results

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.