Classified Balance Sheet Example

FORMAT
bizzlibrary template file type image

CATEGORY

DEPARTMENT
Accounting

LANGUAGE
English

TYPE & SIZE
.pdf (0.23 MB)

A balance sheet is a financial statement that provides a snapshot of a company's financial position at a given point in time. It's an essential tool for investors, creditors, and other stakeholders to understand a company's financial health. A classified balance sheet takes this a step further by categorizing assets and liabilities into current and non-current categories. Here's an example of a classified balance sheet:

ABC Company

Classified Balance Sheet (As of December 31st, 2020)

ASSETS	Current Assets:	Non-Current Assets:
Cash and cash equivalents	$100,000	Property, plant, and equipment	$500,000
Accounts receivable	$50,000	Intangible assets	$200,000
Inventory	$75,000	Investments	$150,000
Prepaid expenses	$10,000
Total Current Assets:	$235,000	Total Non-Current Assets:	$850,000
TOTAL ASSETS:	$1,085,000
LIABILITIES	Current Liabilities:	Non-Current Liabilities:
Accounts payable	$25,000	Long-term debt	$300,000
Accrued expenses	$15,000	Deferred tax liabilities	$50,000
Income taxes payable	$10,000
Total Current Liabilities:	$50,000	Total Non-Current Liabilities:	$350,000
TOTAL LIABILITIES:	$400,000
EQUITY
Common stock			$400,000
Retained earnings			$285,000
Total Equity:	$385,000
TOTAL LIABILITIES AND EQUITY:	$1,085,000

Why Use a Classified Balance Sheet?

A classified balance sheet provides a more detailed picture of a company's financial position than a regular balance sheet. By categorizing assets and liabilities into current and non-current categories, stakeholders can better understand the company's liquidity and working capital. Investors and creditors are particularly interested in a company's liquidity as it indicates the ability to meet short-term obligations.

Want to create your own classified balance sheet for your company? Download our professionally designed Classified Balance Sheet Example in PDF format today and take control of your financial analysis. At BizzLibrary.com, we provide a wide range of financial statement templates and documents to help businesses succeed.

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