WHAT DOES SUPPRESS BALANCE SHEET NET INCOME FOR COMPARATIVES MEAN?
The phrase "suppress balance sheet net income for comparatives" is not a common accounting term or phrase. However, it seems to suggest a situation where the net income figure on a company's balance sheet is adjusted or manipulated for the purpose of making comparative analysis.
In general, the balance sheet summarizes a company's financial position at a specific point in time, whereas the net income reflects its profitability over a period of time. By "suppressing" the net income figure on the balance sheet for comparatives, it might indicate that certain adjustments or exclusions have been made to the net income amount to make it more comparable to previous periods.
To gain a better understanding of how to interpret this phrase, it is recommended to review the context in which it is used. It could be specific to a particular company's accounting practices or industry requirements. Consulting the company's financial statements, accounting policies, or seeking professional guidance would be helpful in understanding the specific meaning and purpose behind this phrase.