TIP: Recall the order of items listed within categories on the financial statements. Although not mandatory, expenses are usually listed in descending order of amounts (with miscellaneous expenses always being the last in the list). Current assets are to be listed in order of liquidity. Current liabilities have no certain order but typically notes payable (short-term notes payable or current portion of long-term notes payable) and accounts payable are listed first and the rest are often listed in descending order.
TIP: Total stockholders' equity for Carl's Video Service, Inc. at April 30, 2014 is $32,715 ($20,560 + $12,155).