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.
Acute bronchitis is an inflammation (swelling and redness) of the bronchial tubes - the tubes that carry air to your lungs. It is a common complication of colds, the flu and other upper respiratory infections. Most often it is caused by a virus, just like the illnesses that typically precede it. Occasionally acute bronchitis may be caused by bacteria. Chronic bronchitis is a very different illness characterized by the long term inflammation and irritation of the bronchial tubes.