<Dd> Assets = Liabilities + Capital (which for a corporation equals owner's equity) </Dd> <Dd> Liabilities = Assets − Capital </Dd> <Dd> Equity = Assets − Liabilities </Dd> <P> Assets are listed on the balance sheet . On a company's balance sheet certain divisions are required by generally accepted accounting principles (GAAP), which vary from country to country . Assets can be divided into e.g. current assets and fixed assets, often with further subdivisions such as cash, receivables and inventory . </P>

What does being an asset to a company mean