The Classified Balance Sheet - ACCT 23020, Kent State University

in Topic 2 (Video 6 of 12)

5 minutes

The Classified Balance Sheet lets us see our assets and liabilities by groups, which gives us a little better overview.

This Video Mentioned Some Formulas

Assets = Liabilities + Shareholder's Equity (Or Owner's Equity)

Beginning RE

+ Net Income

– Dividends

Ending RE

1	Current Assets	9:57
2	Non-Current Assets	10:25
3	Current Liabilities	6:24
4	Non-Current Liabilites	2:00
5	Contributed Capital	5:10
6	The Classified Balance Sheet You are here.	4:48
7	The Multistep Income Statement	12:44
8	Retained Earnings vs Shareholder's Equity	6:41
9	Ratios: Working Capital	2:29
10	Ratios: Current Ratio	4:00
11	Gross Profit vs Net Profit	6:15
12	Profit Margin	3:22

	Click Here to View All Topic 2 Problems at Once	View
1	Current Assets	Easy
2	Effect on the Current Ratio	Easy
3	Retained Earnings	Easy
4	Solving for Missing Amounts	Moderate
5	Account Classifications	Hard
6	Calculating Operating Income	Hard