Match each of the following terms with the phrase that best describes it.
|
Quality of earnings
|
Pro forma income
|
|
Current ratio
|
Discontinued operations
|
|
Horizontal analysis
|
Comprehensive income
|
1. A measure used to evaluate a company"s liquidity.
2. Usually excludes items that a company thinks are unusual or non-recurring.
3. Indicates the level of full and transparent information provided to users of the financial statements.
4. The disposal of a significant segment of a business.
5. Determines increases or decreases in a series of financial statement data.
6. Includes all changes in stockholders" equity during a period except those resulting from investments by stockholders and distributions to stockholders.