Examlex
The most abstract level of knowledge is the:
Fixed Assets
Long-term tangible assets used in the operation of a business and not expected to be converted to cash in the short term.
Long-term Liabilities
Obligations or debts due beyond one year or the normal operating cycle, including bonds payable, long-term leases, and pension liabilities.
Vertical Analysis
A method in financial statement analysis where each entry for each of the three major categories of accounts (or financial statements) is represented as a proportion of the total account.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, showing revenues, expenses, and profits or losses.
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