Build a balance sheet and confirm that assets equal liabilities plus equity.
Accounting Identity
Balanced
Total Assets
$350,000
Total Liabilities
$140,000
Total Equity
$210,000
Current Assets
?
Assets expected to turn into cash, be sold, or be used within about a year.
$100,000
28.6% of assets
Non-Current Assets
?
Longer-lived assets not expected to convert to cash within about a year.
$250,000
71.4% of assets
Data view