Accounting Factoids™ by Salberg & Company, P.A.- Auditors For Public Companies.

Accounting Factoids™ are helpful bits of accounting information to lead you in the right direction.

Today’s topic: Presentation of Certain Items on the Balance Sheet

Commitments and contingencies should be referenced on the balance sheet to the explanatory footnote.

Liquidation value of preferred stock is required to be presented on the face of the balance sheet.

Subscriptions receivable may be presented as assets only if cash was received prior to issuing the financials.

To learn more or for assistance with your accounting or auditing needs, please contact Scott Salberg, CPA at 561-995-8270 ext. 301 or email us at  You can also access our website at

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