Balance Sheet: Owner’s Equity
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optimizehealthit.com OK, final piece of the balance sheet is owner’s equity, which appears at the very bottom and consists of several lines, but at the very least two lines:http://skowwtvltire.com
- Common stock, which is the amount of money that shareholders have invested in the company. In a small business, this is typically the amount that the founder put in when they first started the company.
- Retained earnings are the total of all the profits and losses for the company since the company began, up until today.
webtechstock.com So let’s put a couple of numbers in here. Common stock — let’s say that the founder put in $5,000 back a couple of years ago. Let’s say that the retained earnings, the total of all the losses and the profits since the company began were $70,500. So we put a line there and we’ll now total all of the items in owner’s equity, which would be $75,500.anna skye pornstar
lily luv porn But we’re not done yet, because remember that we had a total liabilities in the previous video of $115,500. So we’re going to add that to the $75,500 and we’re going to end up with a subtotal of $191,000 even. We’ll double-underline that ($191,000). And you may recall that $191,000 is exactly the same as the total of the assets.http://trainsimonline.com
go here Let me put this altogether now so you can see the big picture. Ok, the balance sheet is sometimes also shown as a two-sided statement with assets on one side and liabilities on the other like this. Alright, to finish this off — a really fast recap:http://afcmarseille.com/porn/sex-change-hentai
go On the left, the assets, divided into current and long-term assets and this number ($16,000) is equal to cash, AR plus inventory. Building and machinery down here ($150,000 and $25,000) subtotals to $175,000. And then the $16,000 and the $175,000 becomes $191,000 total assets at the bottom.porn 3 mov
bbw cuckold unwanted creampie And then on the other side, liabilities and equity. We start off with liabilities, which is divided into both current and long-term, just like the assets. Accounts payable and taxes, subtotaled to $3,500. We have long-term liabilities of a mortgage and a loan, which subtotaled to $112,000. Add $3,500 and $112,000 and you get to $115,500. Owner’s equity — we have the initial investment by the owner of $5,000 and the total of the profits and the losses since the company began of $70,500. Add those up and we get to $75,500.go to link
http://dinnerbellfresh.com But wait, we’re missing just one thing. Now what we need to do is subtotal, or add, the $75,500 of owner’s equity with $115,500 of the liabilities to end up with $191,000. Double-underline, and magically that number is the same as this one ($191,000).http://afcmarseille.com/porn/who-discovered-porn
http://afcmarseille.com/porn/wife-anniversary-fuck Congratulations, two done and one financial statement to go. Next up — the statement of cash flows.http://afcmarseille.com/porn/yahoo-cam-masturnate-pussy-pinay luke skywalker sex