Other assets that appear in the balance sheet are called long-term or fixed assets because they're durable and will last more than one year. Examples of long-term assets include the following.

Instead, payables are booked as liabilities and are found on the balance sheet. AP includes these business obligations: For example, when a restaurant orders $2,000 worth of ingredients from a ...

This segment includes four essential financial statements: the income statement, cash flow projection, balance sheet, and statement ... may vary depending on the industry, so take the time to ...