Which of the following is not part of the balance sheet?

The balance sheet represents a company's financial position at a specific point in time, summarizing its assets, liabilities, and equity. Among the options provided, net earnings do not appear on the balance sheet. Instead, net earnings are reported on the income statement, which reflects a company’s performance over a period of time, capturing revenues and expenses to determine the profitability.

In contrast, deferred assets, long-term liabilities, and plant, property, and equipment are all components of the balance sheet. Deferred assets, often referred to as deferred charges, represent future economic benefits that the company has paid for but will recognize as expenses later. Long-term liabilities encompass debts and financial obligations that are not due within the coming year, such as bonds payable and long-term loans. Meanwhile, plant, property, and equipment are fixed assets that provide value and utility over time, crucial to a company's operational activities.