Examlex
Match each item to the word or phrase listed below.
-cause
Disposal Of A Segment
The process of eliminating a division or part of a business, which may involve selling, closing, or spinning off.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, providing insight into business operations and profitability.
Accounting Principle
Fundamental guidelines or rules that govern the process of accounting and financial reporting, ensuring consistency and comparability of financial data.
Extraordinary Items
Events or transactions that are both unusual in nature and infrequent in occurrence, significantly affecting a company's financial position and reported separately in financial statements to provide clarity.
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