Match each of the following terms with the phrase that best describes it. A meas

Question

Match each of the following terms with the phrase that best describes it. A measure used to evaluate a company's liquidity. Usually excludes items that a company thinks are unusual or non-recurring. Indicates the level of full and transparent information provided to users of the financial statements. The disposal of a significant component of a business. Determines increases or decreases in a series of financial statement data. Includes all changes in stockholders' equity during a period except those resulting from investments by stockholders and distributions to stockholders.

Explanation / Answer

1) Current ratio

2) Extraordinary items

3) Quality of earnings

4) Discontinuance of operations

5) Horizontal analysis.

6) Comprehensive income

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