balance sheet. A statement of an entity’s current financial position, disclosing the value of the entity’s assets, liabilities, and owners’ equity. — Also termed statement of financial condition; statement of condition; statement of financial position. Cf. INCOME STATEMENT.
Insolvency created when the debtor’s liabilities exceed its assets. • Under some state laws, balance-sheet insolvency prevents a corporation from making a distribution to its shareholders. — Also termed balance-sheet test.
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balance sheet test 资产负债表测试 对企业的与破产相关的偿付能力进行测试，通常考虑其总债务与总资产的比例，以及总负债与总资产之间的关系。
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consolidated balance sheets 合并资产负债表 (→consolidated financial statements)
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balance sheet 资产负债表 根据公认的会计原则，反映一个经济组织在一定时期内资产、负债、股东权益状况的一种财务报表。(→profit and loss statement)
book value. The value at which an asset is carried on a balance sheet. Cf. BOOK EQUITY . adjusted book value. Inventory value adjusted to reflect the inventory’s current actual value.
statement of condition 资产负债表；财务状况表 显示某人、某企业、某银行在特定日期的资产、负债、公积金和资本等的状况的报表。亦作「statement of financial condition」；「balance sheet」；「statement of financial position」。 (→balance sheet)
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Tax. An item on the books of an S corporation (usu. an equity item on the corporation’s balance sheet) to account for taxable-income items passed through to shareholders, such as accumulated earnings — earned before the corporation converted from a C corporation to an S corporation — that would have been distributed as a dividend
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annual report. A yearly corporate financial report for shareholders and other interested parties. • The Securities Exchange Act of 1934 requires registered corporations to file an annual report on the SEC’s Form 10-K. An annual report includes a balance sheet, income statement, statement of changes in financial position, reconciliation of changes in owners’ equity accounts,