This must be in balance with the sum of shareholders' equities and liabilities.
What are total assets?
100
These earnings statements are "corrected" by the company to reflect extraordinary changes to it business.
What are proforma earnings?
100
This is what a company does when one of its assets' market value falls faster than its book value.
What is a write-down or write-off?
100
This industry classification system was designed by Morgan Stanley and S&P in 1999.
What is the GICS?
100
This is the income forecasters focus on to estimate earnings per share, because extraordinary items are by definition hard to predict.
What is current income?
200
This is how companies balance the cost of a brand or other intangible asset over several years.
What is amortization?
200
These bilateral credit arrangement, designed as an insurance against default for investors, were instrumental in igniting the housing crisis.
What are credit default swaps?
200
Though he only coined the ultimate phrase, this great American wrote "Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes."
Who was Benjamin Franklin?
200
This is the snapping tool that has take Reuters news by storm, though it hasn't yet been rolled out in the United States.
What is FastWire.
200
These costs, not directly related to the production process, are incurred even when the business is operating at low capacity, so they are often first to get cut when times are tough.
What is SG&A (Selling, General and Administrative)
300
This accounts for what a company owns and owes at one point in time.
What is the Balance Sheet?
300
This might be cut if a company can't generate revenue.
What is the dividend?
300
If a company thinks it might not get paid for goods and services, or will have to write-off an asset, it puts these in the income statement.
What are provisions?
300
It may be the way to pronounce the acronym for our new class of editors, if it only sounded like a sigh.
What is a GUY (GIE)?
300
This final line item in the income statement is the main link to the balance sheet.
What are Retained Earnings?
400
This ratio is calculated by dividing net earnings by the number of shares outstanding.
What is EPS?
400
This is a letter that the U.S. Securities and Exchange Commission (SEC) sends to people or firms when it is planning to bring an enforcement action against them.
What is a Wells Notice?
400
This is what President Trump says his tax proposal will be for the middle class.
What is a miracle?
400
These two Reuters companies news reporters founded an online news and opinion site called the Downtown Devil while at the Cronkite school at ASU.
Who are Dustin Volz and Sal Rodriguez
400
This ratio of total liabilities to shareholders’ equity is a good indication of financial health, as it compares what a company owes to what it owns.
What is the debt/equity ratio?
500
This is the best indicator of how much money a company makes from its core business and how well it is run.
What is Operating Income?
500
Janet Yellen fears that growing signs of this economic condition could require interest rates be ratcheted up more quickly.
What is inflation?
500
This commodity-churning retailer has been in the hotseat for tax-dodging practices in Europe.
What is Starbucks?
500
He is the first Global Industry Editor in Reuters newly announced companies news reporting structure.
Who is Richard Mably?
500
Licenses, patents and goodwill all show up as these in the balance sheet?