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Section 2120: Balance Sheet
[U.S. GAAP Codification Topic]
210 Balance sheet
210-10 Overall
210-20 Offsetting
1. Balance Sheet
(1) Current assets are reported separately from noncurrent assets
(2) Current liabilities are reported separately from noncurrent liabilities
2. Current assets
--> Assets that are expected to be realized
--> within a year or normal operating cycle, whichever is longer
3. Current liabilities
--> Liabilities that are expected to liquidate
--> within a year or normal operating cycle, whichever is longer
4. Regulation S-X: 17 CFR Part 210
--> Rule 5-02: Balance sheets
5. Current Assets
Rule 5-02.1: Cash and cash items
5-02.2: Marketable securities
5-02.3: Accounts and notes receivable
5-02.4: Allowances for doubtful accounts and notes receivable
5-02.5: Unearned income
5-02.6: Inventories
5-02.7: Prepaid expenses
5-02.8: Other current assets
5-02.9: Total current assets
6. Noncurrent assets
Rule 5-02.12: Other investments
5-02.13: Property, plant and equipment
5-02.14: Accumulated depreciation
5-02.15: Intangible assets
5-02.16: Amortization of intangible assets
5-02.17: Other assets
5-02.18: Total assets
7. Current liabilities
Rule 5-02.19: Accounts and notes payable
5-02.20: Other current liabilities
5-02.21: Total current liabilities
8. Noncurrent liabilities
Rule 5-02.22: Bonds, mortgages and other long-term debt
5-02.24: Other liabilities
5-02.25: Commitments and contingent liabilities
9. Stockholders' equity
Rule 5-02.27: Redeemable preferred stocks
5-02.28: Non-redeemable preferred stocks
5-02.29: Common stocks
5-02.30: Other stockholders' equity
5-02.31: Noncontrolling interests
5-02.32: Total liabilities and equity
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