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.
What Is Chronic Bronchitis? Bronchitis is an inflammation of the bronchial tubes (airways), which bring air to and from your lungs. When the bronchial tubes are inflamed, the lining, or mucous membrane, of the airways swells and grows thicker. It also produces an excess amount of mucus. The narrowing and increased blockage of the bronchial tubes from the mucus causes airflow to decrease and a phlegmy cough to develop.