Balance Sheet, ASC 210

Balance Sheet
Current assets are reported separately from noncurrent assets
Current liabilities are reported separately from noncurrent liabilities

Current assets
–> Assets that are expected to be realized
–> within a year or normal operating cycle, whichever is longer

Current liabilities
–> Liabilities that are expected to liquidate
–> within a year or normal operating cycle, whichever is longer

Regulation S-X: 17 CFR Part 210

Current Assets
5-02.1: Cash and cash items
5-02.2: Marketable securities
5-02.3: Accounts and notes receivable
5-02.4: Allowances for doubtful accounts and notes receivable
5-02.5: Unearned income
5-02.6: Inventories
5-02.7: Prepaid expenses
5-02.8: Other current assets
5-02.9: Total current assets

Noncurrent assets
5-02.12: Other investments
5-02.13: Property, plant and equipment
5-02.14: Accumulated depreciation
5-02.15: Intangible assets
5-02.16: Amortization of intangible assets
5-02.17: Other assets
5-02.18: Total assets

Current liabilities
5-02.19: Accounts and notes payable
5-02.20: Other current liabilities
5-02.21: Total current liabilities

Noncurrent liabilities
5-02.22: Bonds, mortgages and other long-term debt
5-02.24: Other liabilities
5-02.25: Commitments and contingent liabilities

Stockholders’ equity
5-02.27: Redeemable preferred stocks
5-02.28: Non-redeemable preferred stocks
5-02.29: Common stocks
5-02.30: Other stockholders’ equity
5-02.31: Noncontrolling interests
5-02.32: Total liabilities and equit




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