Examlex
In the context of performance information, which of the following is an example of results-based information?
Classified Balance Sheet
A balance sheet that organizes assets and liabilities into subcategories like current, long-term, property, plant, and equipment, to provide more detailed information.
Current Ratio
It's a financial ratio that calculates whether a corporation can cover its obligations that need to be paid within one year, by dividing the current assets by the current liabilities.
Plant Assets
Tangible assets that are used in the operations of a business and are not intended for resale, including buildings, machinery, and equipment.
Natural Business Year
The fiscal year that ends when a business's activities have reached the lowest point in its annual operating cycle, theoretically the most optimal time for financial reporting.
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