⭐ Balance Sheet Example — KNOW HOW TO DO THIS

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Last updated 2:01 PM on 8/25/26
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4 Terms

1
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Given: CA = $900,000 and NFA = $2,000,000. What are total assets?

$2,900,000 because Assets = CA + NFA = $900,000 + $2,000,000.

2
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Given: Assets = $2,900,000, CL = $400,000, and Equity = $1,400,000. What is LTD?

$1,100,000 because LTD = Assets − Current Liabilities − Equity.

3
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Given: CA = $900,000 and CL = $400,000. What is NWC?

$500,000 because NWC = CA − CL = $900,000 − $400,000.

4
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⭐Formula for finding Long-Term Debt

LTD = Assets − Current Liabilities − Equity.