Question

What are all of the possible things that could be listed on a classified balance sheet in categorical order?

Answer 1

The possible things that can be listed on a classified balance sheet in a categorical order are primarily assets and liabilities and stockholders equity .Assets are further classified into current assets , investments, Plant property and equipment, intangible assets and other assets. Assets are classified in the order of liquidity and liabilities are classified on the basis of those that are payable first. Liabilities are further classified into current liabilities, long term liabilities and other liabilities. Stockholders equity has the common stock , retained earnings and preferred stock.

A pro forma classified balance sheet as below:

Balance Sheet

At December XXX

Assets

Current Assets

Cash

Accounts Receivable(net)

Inventory

Total current assets

Investments

Notes receivable

Restricted cash

Total investments

Property , plant , equipment

Machinery

Less:Accumulated Depreciation

Net Property , plant , equipment

Intangible assets

Franchises

Total Assets

Liabilities and Shareholder's Equity

Current Liabilities

Accounts Payable

Interest Payable

Notes Payable (short-term)

Total current liabilities

Long term liabilities

Bonds Payable

Total Liabilities

Shareholders equity

Common Stock

Retained earnings

Total stockholders equity

Total liabilities and stockholders equity

Any doubt please comment, If it helped you, please give a thumbs up.