1 Milling cutters may have from one to many teeth, with 2, 3 and 4 being most common. 2  Typically, the more teeth a cutter has, the more rapidly it can remove material. 3  So, a 4-tooth cutter can remove material at twice the rate of a 2-tooth cutter.
The Balance Sheet summarizes the financial transactions of a company from one moment in time to a next. All the transactions of the Income Statement will be summarized into the Balance Sheet. Profit, hence capital, is reported as Net Worth. Insolvency is when Liabilities are greater than Assets. An important measure of organization success is having a Fair Market Value many times larger than Net Worth.
Understanding the Components of Current Liabilities. 1  Accounts Payable - The Most Popular Current Liability. 2  Accrued Benefits and Payroll as a Current Liability. 3  Short-Term and Current Long Term Debt. 4  Other Current Liabilities on the Balance Sheet. Depending on the company, you will see various other current liabilities listed. Sometimes they will be lumped together under the title other current liabilities. Normally, you can find a detailed listing of what these other liabilities are buried somewhere in the annual report or 10-K.