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.
Bronchitis occurs when the air passages in your lungs become inflamed. Bronchitis can be acute or chronic. Acute bronchitis is usually due to a viral infection, such as a cold, that starts in your nose or sinuses and spreads to the airways. Acute bronchitis usually lasts a few days, but you may have a cough for weeks afterward.