1. What are typical balance sheet classifications for assets, liabilities, and stockholders' equity?
 
 
 

2. What are the major limitations of the balance sheet as a source of information?What types of information does the balance sheet provide?
 
 
 
 
 
 

3. Define the terms working capital and current ratio?
 
 
 

4. What are two criteria for classification of a liability as a current liability?