Examlex
Balance sheet items are generally listed in order of:
Statement Of Income
A financial statement that shows a company’s revenues, expenses, and profit or loss over a specific time period, often quarterly or annually.
Continuing Operations
Activities and processes that are not scheduled to be discontinued or sold off, representing the ongoing, primary business activities of an entity.
Discontinued Operations
Discontinued Operations refer to segments or components of a business that have been sold, disposed of, or abandoned and are reported separately on the income statement, as their performance is not indicative of ongoing operations.
Horizontal Analysis
An accounting method that compares financial data across multiple periods to identify trends and growth patterns.
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