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The balance sheet is the one of the 3 major financial statements (with the income statement and the cash flows statement). The balance sheet must follow the following formula: Assets = Liabilities + Stockholders' Equity (the 2 sides balanced out). The 3 balance sheet segments are assets, liabilities and stockholders' equity. Each of the three segments regroups many accounts. Accounts such as inventory and property are on the asset side of the balance sheet. Accounts such as accounts payable or long-term debt are on the liability side. | Current Assets |
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| Current Liabilities |
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| | Investments |
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| Long-term Liabilities |
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| | Property, Plant, Equipment |
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| Stockholders' Equity | | Intangible Assets |
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| | Total Assets |
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| Total Liabilities and stockholders' equity |
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Spec Sheets 
