{"id":249,"date":"2024-09-06T16:47:55","date_gmt":"2024-09-06T16:47:55","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/chapter\/classified-balance-sheet\/"},"modified":"2024-09-12T15:24:15","modified_gmt":"2024-09-12T15:24:15","slug":"classified-balance-sheet","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/chapter\/classified-balance-sheet\/","title":{"raw":"Classified Balance Sheet","rendered":"Classified Balance Sheet"},"content":{"raw":"<section class=\"textbox learningGoals\" aria-label=\"Learning Goals\">\r\n<ul>\r\n \t<li>Identify proper financial statement presentation of plant assets<\/li>\r\n<\/ul>\r\n<\/section>&nbsp;\r\n\r\nThe balance sheet we learned at the beginning of the course in both the report form (<em>assets are first and liabilities and equity are below<\/em>) and the account form (<em>side-by-side<\/em>) was fairly simple and straightforward. Balance sheets produced by publicly traded companies contain a lot of information and are almost always in the report form. Like the multi-step income statement, they follow a certain format that includes subtotals. The classified balance sheet groupings and subtotals make the balance sheet easier for investors to read and analyze. The classified balance sheet still proves the accounting equation but it separates assets and liabilities into the following subgroups:\r\n\r\n<img class=\"alignright wp-image-4732 size-medium\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/10\/30204532\/calculator-1044173_1920-300x200.jpg\" alt=\"A calculator and a balance sheet. \" width=\"300\" height=\"200\" \/>\r\n<ul>\r\n \t<li style=\"font-weight: 400;\">Current Assets: Can be converted to cash within a year or within the operating cycle, whichever is longer. Current assets include cash, accounts receivable, interest receivable, supplies, inventory, and other prepaid expenses.<\/li>\r\n \t<li style=\"font-weight: 400;\">Long-Term Investments: Investments that are not due for more than a year are reported in this section. Long-term investments would include notes receivable or investments in bonds or stocks.<\/li>\r\n \t<li style=\"font-weight: 400;\">Plant Assets: Plant assets (also called PP&amp;E or fixed assets) refer to property that is tangible (can be seen and touched) and is used in the business to generate revenue. Plant assets include depreciable assets and land used in the business. The plant asset is recorded with its accumulated depreciation (if any) subtracted below it to get the asset\u2019s book value.<\/li>\r\n \t<li style=\"font-weight: 400;\">Intangible Assets: Intangible assets are items that have a financial value but do not have a physical form. These would be things like trademarks, patents, and copyrights.<\/li>\r\n \t<li style=\"font-weight: 400;\">Current Liabilities: Like current assets, these are liabilities whose payment are due within a year or within the operating cycle, whichever is longer. Current liabilities include accounts payable, salaries payable, taxes payable, unearned revenue, etc.<\/li>\r\n \t<li style=\"font-weight: 400;\">Long-Term Liabilities: Liabilities due more than a year from now would be reported here, including notes payable, mortgage payable, bonds payable, etc.<\/li>\r\n<\/ul>\r\nAs an example, here is the classified balance sheet for Home Depot, Inc. Look through it and identify the various subgroups we just discussed for the assets and liabilities on a classified balance sheet.\r\n\r\nOther current assets1,040890\u00a0\u00a0\u00a0\u00a0\u00a0Sales taxes payable605656\u00a0\u00a0\u00a0\u00a0\u00a0Deferred revenue2,1161,782\u00a0\u00a0\u00a0\u00a0\u00a0Income taxes payable5511\u00a0\u00a0\u00a0\u00a0\u00a0Current installments of long-term debt1,8391,056\u00a0\u00a0\u00a0\u00a0\u00a0Current operating lease liabilities828---\u00a0\u00a0\u00a0\u00a0\u00a0Other accrued expenses2,6772,611\r\n<table class=\"fin-table acctstatement\"><caption>THE HOME DEPOT INC.\r\nCONSOLIDATED BALANCE SHEET<\/caption>\r\n<thead>\r\n<tr>\r\n<th><em>in millions, except per share data<\/em><\/th>\r\n<th>February 2, 2020<\/th>\r\n<th>February 3, 2019<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<td colspan=\"3\"><span class=\"u-sr-only\">Category, <\/span><strong>Assets<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span>Current Assets:<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0Cash and cash equivalents<\/td>\r\n<td class=\"r\">$\u00a0\u00a0\u00a0\u00a0\u00a02,133<\/td>\r\n<td class=\"r\">$\u00a0\u00a0\u00a0\u00a0\u00a01,778<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0Receivables, net<\/td>\r\n<td class=\"r\">2,106<\/td>\r\n<td class=\"r\">1,936<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0Merchandise inventories<\/td>\r\n<td class=\"r\">14,531<\/td>\r\n<td class=\"r\">13,925<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total current assets<\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single line<\/span>\r\n19,810<span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single line<\/span>\r\n18,529<span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Net property and equipment<\/td>\r\n<td class=\"r\">22,770<\/td>\r\n<td class=\"r\">22,375<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Operating lease right-of-use assets<\/td>\r\n<td class=\"r\">5,595<\/td>\r\n<td class=\"r\">---<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Goodwill<\/td>\r\n<td class=\"r\">2,254<\/td>\r\n<td class=\"r\">2,252<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Other Assets<\/td>\r\n<td class=\"r\">807<\/td>\r\n<td class=\"r\">847<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total assets<\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single line<\/span>\r\n$\u00a0\u00a0\u00a0\u00a0\u00a051,236\r\n<span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single line<\/span>\r\n$\u00a0\u00a0\u00a0\u00a0\u00a044,003\r\n<span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"3\"><span class=\"u-sr-only\">Category, <\/span><strong>Liabilities and Stockholders' Equity<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span>Current liabilities:<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0Short term debt<\/td>\r\n<td class=\"r\">$\u00a0\u00a0\u00a0\u00a0\u00a0974<\/td>\r\n<td class=\"r\">$\u00a0\u00a0\u00a0\u00a0\u00a01,339<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0Accounts payable<\/td>\r\n<td class=\"r\">7,787<\/td>\r\n<td class=\"r\">7,755<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0Accured salaries and related expenses<\/td>\r\n<td class=\"r\">1,494<\/td>\r\n<td class=\"r\">1,506<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total current liabilities<\/td>\r\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span>\r\n18,375<\/td>\r\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span>\r\n16,716<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Long-term debt, excluding current installments<\/td>\r\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span>28,670<\/td>\r\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span>26,807<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Long-term operating lease liabilities<\/td>\r\n<td class=\"r\">5,066<\/td>\r\n<td class=\"r\">---<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Deferred income taxes<\/td>\r\n<td class=\"r\">706<\/td>\r\n<td class=\"r\">491<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Other long-term liabilities<\/td>\r\n<td class=\"r\">1,535<\/td>\r\n<td class=\"r\">1,867<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total liabilities<\/td>\r\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span>\r\n54,352<\/td>\r\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span>\r\n45,881<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><\/td>\r\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span><\/td>\r\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Common stock, par value $0.05; authorized 10,000 shares; issued: 1,786 shares at February 2, 2020 and 1,782 shares at February 3, 2019; Outstanding: 1,077 shares at February 2, 2020 and 1,105 shares at February 3, 2019<\/td>\r\n<td class=\"r\">89<\/td>\r\n<td class=\"r\">89<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Paid-in capital<\/td>\r\n<td class=\"r\">11,001<\/td>\r\n<td class=\"r\">10,578<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Retained earnings<\/td>\r\n<td class=\"r\">51,729<\/td>\r\n<td class=\"r\">46,423<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Accumulated other comprehensive loss<\/td>\r\n<td class=\"r\">(739)<\/td>\r\n<td class=\"r\">(772)<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Treasury stock, at cost, 709 shares at February 2, 2020 and 677 shares at February 3,2019<\/td>\r\n<td class=\"r\">(65,196)<\/td>\r\n<td class=\"r\">(58,196)<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total stockholders' (deficit) equity<\/td>\r\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span>\r\n(3,116)<\/td>\r\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span>\r\n(1,878)<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total liabilities and stockholders' equity<\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single line<\/span>\r\n$\u00a0\u00a0\u00a0\u00a0\u00a051,236\r\n<span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single line<\/span>\r\n$\u00a0\u00a0\u00a0\u00a0\u00a044,003\r\n<span class=\"u-sr-only\">Double line<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"3\"><span class=\"u-sr-only\">Note <\/span><em>See accompanying notes to consolidated financial statements<\/em><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nNow, try out what you learned:\r\n\r\n<section class=\"textbox tryIt\" aria-label=\"Try It\">[ohm2_question hide_question_numbers=1]25290[\/ohm2_question]<\/section>","rendered":"<section class=\"textbox learningGoals\" aria-label=\"Learning Goals\">\n<ul>\n<li>Identify proper financial statement presentation of plant assets<\/li>\n<\/ul>\n<\/section>\n<p>&nbsp;<\/p>\n<p>The balance sheet we learned at the beginning of the course in both the report form (<em>assets are first and liabilities and equity are below<\/em>) and the account form (<em>side-by-side<\/em>) was fairly simple and straightforward. Balance sheets produced by publicly traded companies contain a lot of information and are almost always in the report form. Like the multi-step income statement, they follow a certain format that includes subtotals. The classified balance sheet groupings and subtotals make the balance sheet easier for investors to read and analyze. The classified balance sheet still proves the accounting equation but it separates assets and liabilities into the following subgroups:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-4732 size-medium\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/10\/30204532\/calculator-1044173_1920-300x200.jpg\" alt=\"A calculator and a balance sheet.\" width=\"300\" height=\"200\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\">Current Assets: Can be converted to cash within a year or within the operating cycle, whichever is longer. Current assets include cash, accounts receivable, interest receivable, supplies, inventory, and other prepaid expenses.<\/li>\n<li style=\"font-weight: 400;\">Long-Term Investments: Investments that are not due for more than a year are reported in this section. Long-term investments would include notes receivable or investments in bonds or stocks.<\/li>\n<li style=\"font-weight: 400;\">Plant Assets: Plant assets (also called PP&amp;E or fixed assets) refer to property that is tangible (can be seen and touched) and is used in the business to generate revenue. Plant assets include depreciable assets and land used in the business. The plant asset is recorded with its accumulated depreciation (if any) subtracted below it to get the asset\u2019s book value.<\/li>\n<li style=\"font-weight: 400;\">Intangible Assets: Intangible assets are items that have a financial value but do not have a physical form. These would be things like trademarks, patents, and copyrights.<\/li>\n<li style=\"font-weight: 400;\">Current Liabilities: Like current assets, these are liabilities whose payment are due within a year or within the operating cycle, whichever is longer. Current liabilities include accounts payable, salaries payable, taxes payable, unearned revenue, etc.<\/li>\n<li style=\"font-weight: 400;\">Long-Term Liabilities: Liabilities due more than a year from now would be reported here, including notes payable, mortgage payable, bonds payable, etc.<\/li>\n<\/ul>\n<p>As an example, here is the classified balance sheet for Home Depot, Inc. Look through it and identify the various subgroups we just discussed for the assets and liabilities on a classified balance sheet.<\/p>\n<p>Other current assets1,040890\u00a0\u00a0\u00a0\u00a0\u00a0Sales taxes payable605656\u00a0\u00a0\u00a0\u00a0\u00a0Deferred revenue2,1161,782\u00a0\u00a0\u00a0\u00a0\u00a0Income taxes payable5511\u00a0\u00a0\u00a0\u00a0\u00a0Current installments of long-term debt1,8391,056\u00a0\u00a0\u00a0\u00a0\u00a0Current operating lease liabilities828&#8212;\u00a0\u00a0\u00a0\u00a0\u00a0Other accrued expenses2,6772,611<\/p>\n<table class=\"fin-table acctstatement\">\n<caption>THE HOME DEPOT INC.<br \/>\nCONSOLIDATED BALANCE SHEET<\/caption>\n<thead>\n<tr>\n<th><em>in millions, except per share data<\/em><\/th>\n<th>February 2, 2020<\/th>\n<th>February 3, 2019<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td colspan=\"3\"><span class=\"u-sr-only\">Category, <\/span><strong>Assets<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span>Current Assets:<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0Cash and cash equivalents<\/td>\n<td class=\"r\">$\u00a0\u00a0\u00a0\u00a0\u00a02,133<\/td>\n<td class=\"r\">$\u00a0\u00a0\u00a0\u00a0\u00a01,778<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0Receivables, net<\/td>\n<td class=\"r\">2,106<\/td>\n<td class=\"r\">1,936<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0Merchandise inventories<\/td>\n<td class=\"r\">14,531<\/td>\n<td class=\"r\">13,925<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total current assets<\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single line<\/span><br \/>\n19,810<span class=\"u-sr-only\">Double line<\/span><\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single line<\/span><br \/>\n18,529<span class=\"u-sr-only\">Double line<\/span><\/td>\n<\/tr>\n<tr>\n<td>Net property and equipment<\/td>\n<td class=\"r\">22,770<\/td>\n<td class=\"r\">22,375<\/td>\n<\/tr>\n<tr>\n<td>Operating lease right-of-use assets<\/td>\n<td class=\"r\">5,595<\/td>\n<td class=\"r\">&#8212;<\/td>\n<\/tr>\n<tr>\n<td>Goodwill<\/td>\n<td class=\"r\">2,254<\/td>\n<td class=\"r\">2,252<\/td>\n<\/tr>\n<tr>\n<td>Other Assets<\/td>\n<td class=\"r\">807<\/td>\n<td class=\"r\">847<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total assets<\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single line<\/span><br \/>\n$\u00a0\u00a0\u00a0\u00a0\u00a051,236<br \/>\n<span class=\"u-sr-only\">Double line<\/span><\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single line<\/span><br \/>\n$\u00a0\u00a0\u00a0\u00a0\u00a044,003<br \/>\n<span class=\"u-sr-only\">Double line<\/span><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><span class=\"u-sr-only\">Category, <\/span><strong>Liabilities and Stockholders&#8217; Equity<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span>Current liabilities:<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0Short term debt<\/td>\n<td class=\"r\">$\u00a0\u00a0\u00a0\u00a0\u00a0974<\/td>\n<td class=\"r\">$\u00a0\u00a0\u00a0\u00a0\u00a01,339<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0Accounts payable<\/td>\n<td class=\"r\">7,787<\/td>\n<td class=\"r\">7,755<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0Accured salaries and related expenses<\/td>\n<td class=\"r\">1,494<\/td>\n<td class=\"r\">1,506<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total current liabilities<\/td>\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span><br \/>\n18,375<\/td>\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span><br \/>\n16,716<\/td>\n<\/tr>\n<tr>\n<td>Long-term debt, excluding current installments<\/td>\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span>28,670<\/td>\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span>26,807<\/td>\n<\/tr>\n<tr>\n<td>Long-term operating lease liabilities<\/td>\n<td class=\"r\">5,066<\/td>\n<td class=\"r\">&#8212;<\/td>\n<\/tr>\n<tr>\n<td>Deferred income taxes<\/td>\n<td class=\"r\">706<\/td>\n<td class=\"r\">491<\/td>\n<\/tr>\n<tr>\n<td>Other long-term liabilities<\/td>\n<td class=\"r\">1,535<\/td>\n<td class=\"r\">1,867<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total liabilities<\/td>\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span><br \/>\n54,352<\/td>\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span><br \/>\n45,881<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span><\/td>\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span><\/td>\n<\/tr>\n<tr>\n<td>Common stock, par value $0.05; authorized 10,000 shares; issued: 1,786 shares at February 2, 2020 and 1,782 shares at February 3, 2019; Outstanding: 1,077 shares at February 2, 2020 and 1,105 shares at February 3, 2019<\/td>\n<td class=\"r\">89<\/td>\n<td class=\"r\">89<\/td>\n<\/tr>\n<tr>\n<td>Paid-in capital<\/td>\n<td class=\"r\">11,001<\/td>\n<td class=\"r\">10,578<\/td>\n<\/tr>\n<tr>\n<td>Retained earnings<\/td>\n<td class=\"r\">51,729<\/td>\n<td class=\"r\">46,423<\/td>\n<\/tr>\n<tr>\n<td>Accumulated other comprehensive loss<\/td>\n<td class=\"r\">(739)<\/td>\n<td class=\"r\">(772)<\/td>\n<\/tr>\n<tr>\n<td>Treasury stock, at cost, 709 shares at February 2, 2020 and 677 shares at February 3,2019<\/td>\n<td class=\"r\">(65,196)<\/td>\n<td class=\"r\">(58,196)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total stockholders&#8217; (deficit) equity<\/td>\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span><br \/>\n(3,116)<\/td>\n<td class=\"r line-single line\"><span class=\"u-sr-only\">Single line<\/span><br \/>\n(1,878)<\/td>\n<\/tr>\n<tr>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total liabilities and stockholders&#8217; equity<\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single line<\/span><br \/>\n$\u00a0\u00a0\u00a0\u00a0\u00a051,236<br \/>\n<span class=\"u-sr-only\">Double line<\/span><\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single line<\/span><br \/>\n$\u00a0\u00a0\u00a0\u00a0\u00a044,003<br \/>\n<span class=\"u-sr-only\">Double line<\/span><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><span class=\"u-sr-only\">Note <\/span><em>See accompanying notes to consolidated financial statements<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Now, try out what you learned:<\/p>\n<section class=\"textbox tryIt\" aria-label=\"Try It\"><iframe loading=\"lazy\" id=\"ohm25290\" class=\"resizable\" src=\"https:\/\/ohm.one.lumenlearning.com\/multiembedq.php?id=25290&theme=lumen&iframe_resize_id=ohm25290&source=tnh\" width=\"100%\" height=\"150\"><\/iframe><\/section>\n","protected":false},"author":6,"menu_order":20,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Classified Balance Sheet\",\"author\":\"Joseph Cooke\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Accounting Principles: A Business Perspective\",\"author\":\"James Don Edwards, University of Georgia & Roger H. 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