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What is a lease? Explain the difference between an operating lease and a capital lease.
Net Loss
The amount by which a company's expenses exceed its revenues over a specific period, indicating a decrease in net assets.
Discontinued Operations
Components of a company's business that have been disposed of or are classified as held for sale, and whose financial results are separated from ongoing operations.
Extraordinary Items
Events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence, providing insight into a company's financial health.
Continuing Operations
The parts of a business expected to continue for the foreseeable future, excluding any discontinued operations.
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