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Old 02-17-2011, 07:12 PM   #96
SirClintonPortis
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Join Date: Oct 2008
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Re: Ongoing CBA discussions

It's funny that the owners are refusing to show their accounting books. Now, accounting is not the most intuitive subject on the planet(I'm having some difficulties myself), but a lot of it revolves around recording transaction info through the following paradigm:

Assets = Liabilities + Owner's equity.

Equity = revenues - expenses - dividends.

For example, I pay $100 to buy some paper. Cash (an asset) decreases and Supplies(also an asset) increases. When that paper is used up, it becomes an expense. Supplies decrease(asset used up) and expenses increase.

It looks like they have something to hide.
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