China Lilang: Assets, Liabilites, Equity

Three assets:

1. Net Receivables 
These are shares that are owned by the company.

2. Inventories
This is the inventory or stock that the company has available.

3. Cash and Cash Equivalents
This is the cash on hand, and cash equivalents such as cheques received but not yet deposited, that the company has at the time.

Three liabilities:

1. Accounts Payable
This is the money which a company owes to vendors for products and services purchased on credit.

2. Short/Current Long Term Debt
This shows the portion of long-term debt that the company must pay in the next 12 months.

3. Long Term Debt
This is the amount owed for a period exceeding 12 months from the date of the balance sheet.

Three items of equity:

1. Retained Earnings

This is the income that the company retains rather than distributing to shareholders.

2. Treasury Stock

This is the stock repurchased by the issuer and intended for retirement or resale to the public.

3. Redeemable Preferred Stock

This is a type of preferred stock that has a callable provision that allows the issuing company to buy back the stock at a fixed price after a specified period of time.