Classifications used on a balance sheet

Cash

current asset

Inventory

current asset

Prepaid rent for the next 9 months

current asset

Accrued liabilities due in 6 months

current liabilities

Accounts Payable

current liability

Deferred Revenue

current liability

Income tax payable

current liability

Long-lived assets used in the operations of the business refer to property, plant, and equipment, and:

intangible assets

Investment in XYZ Corp., long-term

investments

Building used in operations

property, plant, and equipment

Accumulated amount of net income less dividends

retained earnings

allowance for uncollectible accounts

Contra asset ( - current assets)

equipment

Current asset

note payable (6 months)

Current liability

Patent

Intangible assets

Land held for investment

Investments

Note payable in 5 years

Long-term liability

Common stock

Paid-in capital

Land used in operation

Property, plant, and equipment