What are some of the items that appear on a company's balance sheet? How does a company calculate net income? Which statements could be useful in explaining how much cash a company has used or generated during an accounting period, and why?© BrainMass Inc. brainmass.com June 3, 2020, 8:40 pm ad1c9bdddf
Some of the items on the asset side of the balance sheet are:
Current Assets: Cash, Accounts Receivable, Inventory
Long Term Assets:
Land and Building, Machinery
On the liabilites side, items are:
Current Liabilities: Account Payables, Short term borrowings
Long term liabilites like long term debts
Capital: Paid in capital, retained earnings
Net income ...
What are some of the items that appear on a company's balance sheet?