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Assets are financed both by debt and equity. “Equity“ represents the “net assets“ of a corporation. This concept can be compared to owning a house (asset)...
Long-term liabilities/debt generally represent the most significant obligation for the corporation. Although this obligation does not impact a firm’s current liquidity, ultimately it becomes payable. Thus,...
I have been receiving many emails request for a post explains complete classification and elements of Balance Sheet in more details. Here I am bringing “Classification...