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If you heard that a person exposed himself to another person in a place of business, you would probably think that the person was abnormal until you realized the person was exposing himself to his family doctor during the course of a physical examination. This story illustrates the importance of
Account Balances
The amounts of money present in an account at a particular moment, reflecting all transactions.
Long-term Notes Payable
Loans or credit lines that are to be repaid over a period longer than one year.
Cash
Liquid assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts).
Total Assets
The sum of all resources owned by a company, valued in terms of monetary units, which can be used to produce value for the company.
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