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A corporation's balance sheet is usually divided into three primary sections with various classifications reported within each section group in an informative manner. Listed below
A corporation's balance sheet is usually divided into three primary sections with various
classifications reported within each section group in an informative manner. Listed below are
some typical classifications within a section.
Contributed capital
Current assets
Current liabilities
Intangible assets
Longterm investments
Longterm liabilities
Other assets
Other liabilities
Property, plant, and equipment
Retained eamings
Accumulated other comprehensive income
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