A financial statement that lists the assets, liabilities and equity of a company at a specific point in time and is used to calculate the ... sheet are called long-term or fixed assets because ...

Total Liabilities: Includes all short-term and long-term obligations, such as loans, accounts payable, and bonds. Total Assets: Represents the sum of all current and non-current assets ...

Your tangible net worth is similar to your net worth: to calculate it, you subtract your liabilities from your assets. With tangible net worth, though, you go one step further: you also subtract ...