If your S Corporation is large enough, you may need to complete a Schedule L on the tax return. The Schedule L is a two-year comparison of the company balance sheet according to the accounting ...

Let's look at a real-world example of a balance sheet and how to read it. Here's a shot of Apple 's ( AAPL 0.58% ) balance sheet as things stood on Sept. 30, 2023: Image source: Apple.

You must maintain a balance sheet for your S corporation, and you may refer to this information when you file taxes for the entity. In some instances you have to transcribe all of the information ...

A balance sheet includes a summary of a business’s assets, liabilities, and capital. Learn what a balance sheet should include and how to create your own.

Apple Balance Sheet. In this example, Apple's total assets of $323.8 billion is segregated towards the top of the report. This asset section is broken into current assets and non-current assets, ...

Example of a balance sheet. Here’s a simple version of a balance sheet for a hypothetical business: Asset type Amount; Current assets: $200,000: Long-term assets: $150,000: Total assets: $350,000: ...

Balance Sheet Example. We're going to look at Microsoft Corporation's FY22 Q1 balance sheet. MSFT FY22 Q1 balance sheet (Microsoft Corp.) What's on a Balance Sheet?