While it's a critical tool, it can't guarantee future performance. A balance sheet uses a formula that equates a company's assets with its liabilities plus its shareholder equity. The equation ...

Reviewed by David Kindness Fact checked by Melody Kazel What Are Current Liabilities? Current liabilities are a company's ...

Learn how accounts payable are recorded on a balance sheet, why they’re classified as liabilities and their role in managing ...

For example, even the balance sheet has such ... Under the standard balance sheet equation, assets must equal liabilities plus equity. A company's balance sheet provides important information ...

Other assets that appear in the balance sheet are called long-term or fixed assets because they're durable and will last more than one year. Examples of long-term assets include the following.