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financial statements that show a column for the current year and the prior year are known as financial statements.

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The Comparative Financial Statements is what we look for to compare business' performances this year versus last year as it is the only set of financial statements that shows column for the current year and the prior year.

An accountant creates comparative financial statements of a company to make it simple for the users of the data to identify the changes in the firm's financial situations as well as the business' operational results.

Thus, this full set of financial statements that a business releases that are showing data for many reporting periods (current year versus prior year) comes with a package including income statement displaying figures over a number of time periods, balance sheet with the entity's financial situation as of multiple balance sheet dates, and finally, a cash flow statements to show firm's cash flows over a number of time periods.

Learn more about comparative financial statement here: https://brainly.com/question/14815343

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