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Match each of the following terms with the phrase that it best matches.
Comprehensive income
Vertical analysis
Quality of earnings
Pro forma income
Solvency ratio
Extraordinary item
1._______ Measures the ability of the company to survive over a long period of time.
2._______ Usually excludes items that a company thinks are unusual or non-recurring.
3._______ Includes all changes in stockholders' equity during a period except those resulting from investments by stockholders and distributions to stockholders.
4._______ Indicates the level of full and transparent information provided to users of the financial statements.
5._______ Describes events and transactions that are unusual in nature and infrequent in occurrence.
6._______ Expresses each item within a financial statement as a percent of a base amount.
Quality of Earnings
as you have learned in this weeks readings the accounting equation is assets liabilities owners equity. is the
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Discuss how the deferred tax liability will impact Obadiah Vineyards cashflow in the short term? Long term?
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