Examlex
Costs are subdivided into what two major functional categories?
Balance Sheet
A balance sheet is a financial statement that provides a snapshot of a company's financial position, showing assets, liabilities, and shareholders' equity at a specific point in time.
Debt-to-Equity Ratio
A financial ratio indicating the relative proportion of shareholder's equity and debt used to finance a company's assets.
Total Assets
Total assets refer to the sum of all current and non-current assets owned by a business at a given point in time.
Total Liabilities
The sum of all financial obligations a company owes to external parties at a given time.
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