Financial Statements Balance Sheet Format as of a specic date ASSETS CASH ACCOUNTS RECEIVABLE INVENTORY PREPAID EXPENSES CURRENT ASSETS OTHER ASSETS LIABILITIES & EQUITY ACCOUNTS PAYABLE ACCRUED EXPENSES CURRENT PORTION OF DEBT INCOME TAXES PAYABLE CURRENT LIABILITIES LONG - TERM DEBT FIXED ASSETS AT COST CAPITAL STOCK ACCUMULATED DEPRECIATION RETAINED EARNINGS NET FIXED ASSETS TOTAL ASSETS SHAREHOLDER ' S EQUITY TOTAL LIABILITIES & EQUITY