Match each of the following terms with the phrase that it best matches.
a. Quality of earnings |
d. Pro forma income |
b. Current ratio |
e. Discontinued operations |
c. Horizontal analysis |
f. Comprehensive income |
1. A measure used to evaluate a company’s liquidity
2. Usually excludes items that a company thinks are unusual or nonrecurring.
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.