Choose the appropriate letter to match the term and the definition.Not all definitions will be used.
Term
1._____ Time-Series Analysis
2._____ Common-Size Financial Statements
3._____ Management Discussion and Analysis
4._____ Price/Earnings Ratio
5._____ Earnings Per Share
6._____ Comprehensive Income
7._____ Discontinued Operations
8._____ Net Income
Definition
A)The practice of reporting accounting data in the national monetary unit.
B)A nonrecurring item associated with abandoning or selling an operation.
C)The earnings of a company after taxes.
D)An increase in an asset or a decrease in a liability that results from peripheral activities.
E)After-tax earnings adjusted for gains and losses that may disappear before they are realized.
F)A section of the annual report that can be used in interpreting the results of financial statement analysis.
G)The ratio calculated by dividing the net income by the number of common shares outstanding.
H)The ratio calculated by dividing the price of a share of stock by the earnings per share.
I)Also known as ratio analysis.
J)A nonrecurring item on the income statement that reflects gains and losses associated with extraordinary events.
K)Another name for a trend analysis.
L)The practice of reporting information in percentages rather than monetary amounts.
Correct Answer:
Verified
2.L
3....
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q152: The full disclosure principle refers to:
A)Financial reports
Q155: The objectives of both IFRS and US
Q159: Comprehensive income may be shown on:
A)the balance
Q161: The following information is taken from the
Q162: A company had 10,000 shares of common
Q164: The financial information below presents selected information
Q165: For each of the accounting treatments below,indicate
Q166: Husain,Inc.'s income statement and other financial information
Q167: The following information is available for a
Q168: Carson Inc.reported net sales revenue of $850,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents