A balance sheet is a statement
of the current assets and liabilities of a company. We can tell the material
condition of an object by looking at it, whether its too rusty and is incapable
of taking any more stress. A business can be pictured by looking at its balance
sheet and has three parts the Assets, Liabilities and Shareholder's equity.
Below is an example of a broken down company balance sheet that is available
on financial websites such as aol finance, yahoo finance or the street.com.