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The balance sheet provides information on a company's resources (assets) and its sources of capital (equity and liabilities/debt). This information helps an analyst assess a company's ability to pay for its near-term operating needs, meet future debt obligations, and make distributions to owners.
You list all the assets, and debts (debts should be divided as well) acquired during the marriage. Then you figure out the net value of the asset or debt. Then you start dividing the assets or debts and watch the total at the bottom. One spouse can take 100% of the house, while the 401K is divided 60% / 40%.
Even if you owned the home before you were married, your spouse has lived in it for some time, and they may therefore have some claim to it. As with any property, the circumstances around the home determine whether it is marital or separate property.
Courts divide property through one of two ways: community property or equitable distribution.
Each spouse is entitled to half the value of the family property. ing to the law, the value of property owned during the marriage that still exists at the date of separation is to be divided equally between the spouses.