Assets = Equity + Liability
Assets of the USA are immense. Liability means debt which is also a huge number.
So what is America's equity? Do Assets outweigh Liabilities?
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Some observations - Food Stamps provide Income, so they increase an individual's Equity, while taking out a loan to pay for school increases Liability and Expenses without increasing Equity or Assets...
So from the accounting equation point of view, food stamps are good, and borrowing money to go to school is not an investment...because it doesn't increase Assets...
I suspect this equation is driving some of the seemingly irrational behavior I see in the news.
Originally posted by AThousandYoungAssuming Food Stamps are used to buy food, a perishable good, it doesn't increase equity.
Assets = Equity + Liability
Assets of the USA are immense. Liability means debt which is also a huge number.
So what is America's equity? Do Assets outweigh Liabilities?
---
Some observations - Food Stamps provide Income, so they increase an individual's Equity, while taking out a loan to pay for school increases Liability and Expenses wi ...[text shortened]... suspect this equation is driving some of the seemingly irrational behavior I see in the news.
Originally posted by no1marauderThat expense will happen whether or not you have food stamps. So what they are in effect are pre-paid Expenses which go under Assets with no corresponding Liability.
Assuming Food Stamps are used to buy food, a perishable good, it doesn't increase equity.
http://www.investopedia.com/terms/p/prepaidexpense.asp
Originally posted by AThousandYoung"Military Equipment"
Does that debt outweigh the value of all Federal land, military equipment and other property of the US government?
It's sad when a countries biggest asset is their military equipment. Whatever happened to peace?
Originally posted by TygertThis thread is looking at things from the accounting equation perspective which is how the rich capitalist munchkins seem to see the world.
"Military Equipment"
It's sad when a countries biggest asset is their military equipment. Whatever happened to peace?
Your sissy hippie talk about peace and love is worth nothing here, just as is conservative self righteous blather about personal responsibility.
This is a thread for math geeks and gamer munchkins, not real people with real emotions and stuff.
Interesting FACT - June is named after Juno, the goddess of money and Roman Queen of the Gods.
Took me a long time to discover what Juno/Hera's sphere of influence was other than being Jupiter's jealous wife.
She's the goddess of money.
I think.
I'm still not sure.
Mercury is god of business or something. They're both involved in the money game.
Originally posted by AThousandYoungIf we're going off-topic anyway, did you know that Santa Claus and Wednesday have their origin in the same deity?
Interesting FACT - June is named after Juno, the goddess of money and Roman Queen of the Gods.
Took me a long time to discover what Juno/Hera's sphere of influence was other than being Jupiter's jealous wife.
She's the goddess of money.
Originally posted by KazetNagorraI had heard that. Mighty Woden, king of the Nordic gods. Interestingly he is NOT the Sky Father that is king of most other Indo-European pantheons. Nordics know the Sky Father as Tyr.
If we're going off-topic anyway, did you know that Santa Claus and Wednesday have their origin in the same deity?
Romans thought Woden was Mercury which is interesting.
Originally posted by AThousandYoungEven if that was sound accounting practice, they would be expensed almost immediately and thus go right off the balance sheet.
That expense will happen whether or not you have food stamps. So what they are in effect are pre-paid Expenses which go under Assets with no corresponding Liability.
http://www.investopedia.com/terms/p/prepaidexpense.asp