Simple Balance Sheet

A useful skill to develop is that of writing out a quick, simple, general balance sheet. Here is an example that you should be able to reproduce in 10 – 15 seconds during the exam: \begin{align}&Current\ Assets\\ &PP\&E\\ &\underline{Intangible\ Assets}\\ &=\ Total\ Assets\\ \\ &Current\ Liabilities\\ &\underline{\ Long-term\ Liabilities}\\ &=\ Total\ Liabilities\\ \\ &Capital\ Stock\\ […]