A company's balance sheet is set up like the basic accounting equation shown above. On the left side of the balance sheet, companies list their assets.The form takes minutes to fill out. Governmentwide Financial Statements. Statement of Net Position. I-2. Capital stock is the number of common and preferred shares that a company is authorized to issue, and is recorded in shareholders' equity. Fund Financial Statements. Descriptions of Major Funds. 7. Comparative Operating Statement. F-3. Bonds. F-15. Capital Improvement Projects (CIP) Status Update. 40.