Classified Balance Sheet: Intermediate Accounting Chapter 5 

Thanks for the question! It’s not really a left column. It’s just a subtotal to figure out the total stockholders equity. Thanks for watching!

@@FinallyLearn thanks for the reply ! Is it only the equity section that we can do the subtotal the same way ?

@@NS-tz3ntanytime you need a subtotal you can use the column to the left. It’s just a way to make it easier to read. It’s not a right or wrong way.

Glad it was helpful! Thanks for watching.

Glad it helped! Thank you.

There are deferred tax assets and deferred tax liabilities. So, it could either be an asset or a liability. Here is a video that explains this: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ykNByhb_alw.html Thanks for watching!

Thanks, I think it is fixed now.