It appears on the balance sheet as ... records a "bad debt expense" that reduces the current period's profit. Second, it creates a contra asset account called "allowance for doubtful accounts ...

Other assets that appear in the balance sheet are called long-term or fixed assets because they're durable and will last more than one year. Examples ... as current or long term. Debts that ...

All the information necessary to calculate net debt is readily available on a company's balance sheet ... Long-Term Liabilities A3=Total Current Assets For example, assume Company ABC has short ...