The Classified Balance Sheet - Acct 209, Texas A&M

in Chapter 4 (Video 2 of 8)

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	The Closing Process	10:37
2	The Classified Balance Sheet You are here.	4:48
3	Current Assets	9:57
4	Non-Current Assets	10:25
5	Current Liabilities	6:24
6	Non-Current Liabilites	2:00
7	Contributed Capital	5:10
8	Ratios: Current Ratio	4:00

	Click Here to View All Chapter 4 Problems at Once	View
1	Closing Journal Accounts	Easy
2	Current Assets	Easy
3	Effect on the Current Ratio	Easy
4	Closing Process	Moderate
5	Solving for Missing Amounts	Moderate
6	Account Classifications	Hard
7	Year End Closing & Account Classification	Hard