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THE BALANCE SHEET (Assets (Fixed assets (will be held or used for a period…

- - - - Depreciation
      - land, buildings, and equipment
  - - - Marketable securities
      - Accounts receivable
      - Cash
      - Merchandise inventory
  - - - patents, copyrights, trademarks, and goodwill
        
        long-term assets
- - - - that will be repaid within one year
        
        Accounts payable
        
        Notes payable
        
        secured with promissory notes
      - Long-Term Liabilities
        
        need not be repaid for at least one year
        
        Mortgage payable