Match each of the following terms with the phrase that best describes it.
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Quality of earnings |
Pro forma income |
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Current ratio |
Discontinued operations |
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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.