Financial Statements

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Examples of Balance Sheet

Financial Statements Overview

Example 1

Balance sheet has three major components.
Assets = Liabilities + Stockholders' Equity

Precision Technology Corporation
Balance Sheet
December 31, 2006

Assets	Liabilities Stockholders' Equity
Total Assets	Total Liabilities and Stockholders' Equity

Example 2

Assets = Current Assets + Investments + Property, Plant, and Equipment + Intangible Assets
Liabilities = Current Liabilities + Long-term Liabilities
Stockholders' Equity = Common Stock + Preferred Stock + Retained Earnings

Precision Technology Corporation
Balance Sheet
December 31, 2006

Current Assets Investments Property, Plant, and Equipment Intangible Assets	Current Liabilities Long-term Liabilities Preferred Stock Common Stock Retained Earnings
Total Assets	Total Liabilities and Stockholders' Equity

Example 3

Precision Technology Corporation
Balance Sheet
December 31, 2006

Current Assets
   Cash
   Marketable Securities
   Inventories

Investments in other companies

Property, Plant, and Equipment
   Land
   Buildings
   Less: Accumulated Depreciation
   Equipment
   Less: Accumulated Depreciation

Intangible Assets
   Patents
   Trademarks
   Goodwill

Current Liabilities
   Accounts Payable
   Notes Payable
   Salaries Payable
   Interest Payable
   Income Taxes Payable
   Current Portion of Long-term Debt

Long-term Liabilities
   Long-term Notes Payable
   Long-term Borrowings
   Bonds Payable

Stockholders' Equity
   Preferred Stock
   Common Stock
   Additional Paid-in Capital, Preferred Stock
   Additional Paid-in Capital, Common Stock
   Retained Earnings

Total Assets

Total Liabilities and Stockholders' Equity

Example of Detailed Balance Sheet

An Example of Detailed Balance Sheet

Components of Balance Sheet

Examples of Asset Accounts

Examples of Liability Accounts

Examples of Stockholders' Equity Accounts

	Wiley GAAP 2008: Interpretation and Application of Generally Accepted Accounting Principles 2008 Paperback Edition CD-Rom Edition Book & CD-Rom Edition
	Wiley CPA Exam Review 2007-2008: 2 Volume Set 2 Volume Set Volume 1: Outlines and Study Guides Volume 2: Problems and Solutions
	Wiley CPA Exam Review 2007: 4 Volume Set 4 Volume Set Financial Accounting and Reporting Business Environment and Concepts Regulation Auditing and Attestation