ASSETS
Current Assets
Cash
Notes Receivable
Accounts Receivable, Contracts Receivable
Inventory
Prepaid Insurance
Supplies

Investments
Stocks and Bonds

Property, Plant and Equipment
Land
Building
Equipment—Furniture, fixtures, trucks, computers

Intangible Assets
Patent—protection by the US Government for an invention
Copyright—protection by the US Government for an artistic creation
Franchise—owning the services of a baseball player

LIABILITIES
Accounts Payable
Note Payable