Nonoperating income and expenses 1. Nonoperating expenses and losses include expense and loss accounts that are due to the transactions other than the primary operations
Net Income, Retained Earnings and Dividends 1. Income before income taxes 2. Income taxes expense 3. Net income 4. Earnings per share (EPS) Net Income
Financial ratios 1. Profitability ratios 2. Liquidity ratios 3. Solvency ratios 4. Activity ratios Profitability ratios 1. What are the examples of ratios that provide
Balance sheet is also called as the statement of financial position, because it presents the financial position of an entity at the end of each
Classified balance sheet presents the components of assets, liabilities and equity classified as current and non-current items. Assets are classified into current assets, property, plant
Current Assets The following assets are classified as current assets, because they are expected to be converted into cash within a year or normal operating