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Financial Reporting and Analysis: Using Financial Accounting Information 8th Edition
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Ingram, Thomas L. Albright extra resources. Gibson solution manual Gibso TB. Gibson solution manual. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Youn IM. Baca Gratis Selama 30 Hari. Tandai sebagai konten tidak pantas. Untuk Nanti. Judul terkait. I don't have any liabilities. I don't owe anybody anything. And that's, actually, that to me is the definition of freedom. So I have zero liability. So what is my equity? And you've probably heard this word, people borrowing their equity, and all of these things. So I'm going to give you a little equation, actually, just to take a little bit of a tangent.
That assets, A for assets, is equal to liabilities plus equity. My liabilities are what? I owe nothing to nobody.
I don't know if that was correct, but anyway. I owe nothing to anyone. So my liabilities are zero. So in this case, if I made a balance sheet before I enter into any transactions -- let me make it look a little bit like a balance sheet. I have no liabilities. And if I were to draw this graphically-- actually, I should probably draw it like this.
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So let me draw another little mini balance sheet here. That's a neat square. You probably can't see that square. So I put my assets on the right-hand side. And on the left-hand side, I have no liabilities. Now, equity might not make a lot of sense to you right now, because I'm just saying, well, my equity is equal to my cash. After all of your assets and liabilities are kind of resolved, or they're cleared up, what do you have left over? That's equity. So in this situation, after I pay off all of my debts, what do I have left over?
This will start to make sense when I go to the bank now to get a loan to buy this house. So how much of a loan do I need? So let me draw the bank. This is the bank. The big dollar sign is made out of granite, to show you that it can never fail. It's going to be there forever, even if they do silly things, like-- well I won't go into all the silly things that they do, but they do many silly things.
Financial Reporting and Analysis: Using Financial Accounting Information by Charles H. Gibson
We'll go into that later. And in return, I'm giving them essentially an IOU. And I'm going to pay interest.
So what does my balance sheet look like now? Well, let me draw it. Let me make sure my balance sheet now looks, let me draw it like a square, because I think the visual representation is helpful, and then I will split it. So what are all my assets now? So now, what are my assets? Well, my liability, that's something that I owe to someone else.
So liabilities, I'll just say L, L for liabilities, because I'm running out of space. My wife was complaining that I make these things very hard to read, but what can I do. Accessories such as CD, codes, toys, may not be included. South-Western, This book has hardback covers. In poor condition, suitable as a reading copy. No dust jacket. CD included.
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Cengage Learning, In fair condition, suitable as a study copy. Cengage South-Western, Disclaimer:A copy that has been read, but remains in clean condition. All pages are intact, and the cover is intact. The spine may show signs of wear. Pages can include limited notes and highlighting, and the copy can include previous owner inscriptions. Dust jacket quality is not guaranteed. As New. Disclaimer:An apparently unread copy in perfect condition. Dust cover is intact; pages are clean and are not marred by notes or folds of any kind.