acct209 at Texas A&M

2. The Classified Balance Sheet

in Chapter 4 (Video 2 of 8)
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

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