describes events and transactions that are unusual in nature and infrequent in occu 337755

1. Match each of the following terms with the phrase that it best matches.

1._______ Measures the ability of the company to survive over a long period of time.

2._______ Usually excludes items that a company thinks are unusual or non recurring.

3._______ Includes all changes in stockholders’ equity during a period except those resulting from

investments by stockholders and distributions to stockholders.

4._______ Indicates the level of full and transparent information provided to users

of the financial statements.

5._______ Describes events and transactions that are unusual in nature and infrequent in occurrence.

6._______ Expresses each item within a financial statement as a percent of a base

amount.

Quality of Earnings