Classified Balance Sheet (Different Sections [more specific])

Assets
o Current Assets
o Long-Term Investments (stock in other companies/realestate)
o Property, Plant & Equipment (Depreciation) (PP&E)
o Intangible Assets (Patents/Copywright/Goodwill)
o
Liabilities
o Current Liabilities
o Long-Term Liabilities
o Stockholders Equity
Current Assets (Within operational year/accounting cycle)
Prepaid Expenses (rent deposits)(insurance)
Long-Term (Stocks & Bonds in other corporations)
PP&E (Value over long-term) [Depreciation]
Matching Principle (Asset generates revenues so associate
portion of cost w/ revenue)
Depreciation (Based on the previous use/previous experience)
Liquidity (Ability to pay obligations within accounting cycle)
o Working Capital=Current Assets-Current Liabilities
Solvency (Ability to pay interest [total debt])
o