A BALANCE SHEET A balance sheet is a financial statement that reports the assets, which are resources owned by a business, liabilities, and stockholders’ equity at a specific date. Examples of assets
A BALANCE SHEET A balance sheet is a financial statement that reports the assets, which are resources owned by a business, liabilities, and stockholders’ equity at a specific date. Examples of assets
A BALANCE SHEET
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A balance sheet is a financial statement that reports the assets, which are resources owned by a business, liabilities, and stockholders’ equity at a specific date. Examples of assets would be computers, delivery trucks, furniture, and buildings.
A balance sheet has two categories: Assets, liabilities, and stockholders’ equity. Liabilities are the debts and obligations of a business. Liabilities represent c claims of creditors on the assets of business. Examples of liabilities would be notes payable, salaries payable, and interest payable. Stockholders’ equity is the stockholders’ claim on total assets. Stockholders’ equity contains common stock, results when the company sells news shares and retained earnings are the net income retained in the