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What do the different types of periods mean?

There are two types of periods: instant and duration. Both are self-explanatory; instant means an instant period, whereas duration means over a period of time. Balance sheets have instant periods. Income statement and cash flows have duration periods. Equity statements will have both instant periods and duration periods.


For example, in the equity statement, the first row is instant because the two dates next to “period” are both the same date. The row under that one is duration, because the two dates are not the same; they represent the range of dates that make up the duration.


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