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