A Corporation's Balance Sheet Is Usually Divided into Three Sections

Essay

A corporation's balance sheet is usually divided into three sections with various subclassifications reported within each group in an informative manner.Listed below are some typical subclassifications.
$\begin{array}{llcc} \text {Contributed capital } & \text {Other assets } \\\text {Current assets } & \text { Other liabilities } \\\text { Current liabilities } & \text { Property, plant, \& equipment} \\\text { Intangible assets } & \text { Retained earnings } \\\text { Long-term investments } & \text { Accumulated other comprehensive income } \\\text {Long-term liabilities } &\\\end{array}$
Required:
Identify each of the three balance sheet sections and list the subclassifications within each section in the appropriate order.