Thanks for the reply! So the category options for balance sheet IRS gives us are listed below. Where would the "long-term assets" and "short-term assets listed just under cash" fall into?
1 Cash
2a Trade notes and accounts receivable
b Less allowance for bad debts
3 Inventories
4 U.S. government obligations
5 Tax-exempt securities (see instructions)
6 Other current assets (attach statement)
7 Loans to shareholder
8 Mortgage and real estate loans
9 Other investments (attach statement)
10a Buildings and other depreciable assets
b Less accumulated depreciation
11a Depletable assets
b Less accumulated depletion
12 Land (net of any amortization)
13a Intangible assets (amortizable only)
b Less accumulated amortization
14 Other assets (attach statement)
