The balance sheet is essentially a picture a companyâs recourses, debts, and ownership on a given day. This is why the balance sheet is sometimes considered less reliable or less telling of a companyâs current financial performance than a profit and loss statement. Annual income statements look at performance over the course of 12 months, where as, the statement of financial position only focuses on the financial position of one day.
Bronchitis: Introduction. Bronchitis is a general term for two diseases that cause swelling and irritation (inflammation) of the lower airways of the lungs called the bronchi and the bronchioles. Types of bronchitis include chronic bronchitis and acute bronchitis.ronchitis: Introduction. Bronchitis is a general term for two diseases that cause swelling and irritation (inflammation) of the lower airways of the lungs called the bronchi and the bronchioles. Types of bronchitis include chronic bronchitis and acute bronchitis.
1 Acute bronchitis is more common and usually is caused by a viral infection. 2  Acute bronchitis may also be called a chest cold. 3  Episodes of acute bronchitis can be related to and made worse by smoking.4  This type of bronchitis is often described as being worse than a regular cold but not as bad as pneumonia.here are two basic types of bronchitis: 1  Acute bronchitis is more common and usually is caused by a viral infection. 2  Acute bronchitis may also be called a chest cold. 3  Episodes of acute bronchitis can be related to and made worse by smoking.