Match Each Definition That Follows with the Term A-H It

question 95

Multiple Choice

Match each definition that follows with the term a-h it defines.
-occurs when a company abandons a segment

• A)discontinued operations
• B)extraordinary items
• C)change from one generally accepted accounting principle to another
• D)horizontal analysis
• E)vertical analysis
• F)common-sized financial statements
• G)current position analysis
• H)profitability analysis

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Definitions:

Multiple-Step

An income statement format that separates operating revenues and expenses from non-operating activities, providing a detailed view of a company's financial performance.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made on a periodic basis rather than continuously.

Perpetual Inventory System

An accounting method that records inventory purchases and sales in real-time, providing a continuous account of inventory balances.