BALANCE SHEET CLASSIFICATIONS

ASSETS LIABILITIES
Current Assets
  • Cash
  • Marketable Securities
    • Trading securities
    • Some available-for-sale
  • Accounts receivable
    • (CONTRA: Allowance for doubtful accounts)
  • Other receivables like interest,notes, dividends
  • Inventories
    • Raw materials
    • Work in process
    • Finished goods
  • Supplies
  • Prepaid expenses like insurance, rent
Investments
  • Marketable securities
    • Some available-for-sale
    • Held-to-maturity
  • Investments in assets like land,buildings not being used
  • Sinking funds
  • Investments in subsidiaries
Property, plant, and equipment
  • Buildings
    • (CONTRA: Accumulated depreciation)
  • Equipment
    • (CONTRA: Accumulated depreciation)
  • Natural resources
  • Land
 Current liabilities
  • Accounts payable
  • Notes payable (short-term)
  • Other payables like salaries,interest, taxes, accrued expenses
  • Estimated liabilities for warranties, settlements, etc.
  • Unearned revenues (advances from customers)
  • Current portion of long-term debt
Non-current liabilities
  • Long term debt
    • Bonds payable
      • (CONTRA: Discount)
      • (ADJUNCT: Premium)
    • Mortgage payable
    • Long-term notes payable
    • Pension liabilities
    • Lease liabilities
    • Deferred income taxes

    Minority interests

    Stockholders’ Equity (Owners’ Equity)
    • Preferred stock
    • Common stock
    • Paid-in capital in excess of par
    • Retained earnings (free and restricted)
    • Foreign currency translation gains or losses
    • Allowance to reduce non-current marketable securities to cost
    • Less: Treasury stock
Intangible assets
  • Patents, copyrights, trademarks, franchises
  • Goodwill
  • Organization costs
  • Capitalized software development costs
Other assets
  • Deferred tax debits
  • Long-term receivables

©Sharon M. Bruns, 1998

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