Re: Opening balances

[John Hasler]

Christopher Browne writes:
> There is a section entitled "Assets," and there is a section entitled
> "Liabilities and Shareholders' Equity."

In fact, you can think of equity (capital) as a kind of liability: it's
what the enterprise would owe to the owners if all the assets were sold and
all the creditors paid.
-- 
John Hasler
[EMAIL PROTECTED] (John Hasler)
Dancing Horse Hill
Elmwood, WI

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