His assets were auctioned off

Ancillary would be number 2 referred revenue.

To get some future benefit.

So its assets.

They make you pay more in withholding just to help their cash flow out.

That assets, A for assets, is equal to

Rockefeller also sold a newspapers and became the richest man in the world.

Malibu Equity and Investments.

Another type of sale is an actual asset sale, direct sale.

I don't want to draw this box.

And rich, eh?

I'll do that in yellow.

But I have an accounts receivable of 400, so my total assets now are 300 of assets, remember, accounts receivables aren't assets, because someone owes me something, someone owes me cash in the future.

It should start to make a little bit of intuitive sense

Malibu Equity and Investments. Roger Van Zant.

So let's say when we liquidate it so we go into bankruptcy and essentially all of the assets are taken into possession by the bankruptcy court they're going to sell these assets.

Obviously , a machine you can't do all of those things to it, but you can at least touch it and possibly smell and taste it.

liabilities plus equity.

A retail merchant buys wholesale and sells retail.

Actually, I'm paying 500,000 plus my original 80,000 loan, so, I have 580,000 of debt on an asset that just sold for 300,000.

And what I wrote here is, it has 4 billion of liabilities.

He is a man of wealth.

He's a wealthy man.

Or across the street from each other.

So the total assets were 5 billion in assets.

You'd have to give up 93 of your net worth.

In a world without leverage so if I didn't have all this

So this is just another visual representation that

It doesn't sound like we borrowed money or anything.

Remember liabilities plus equities are equal to assets.

Each share in this case once again, if you believe that the assets are worth 1 million are going to be 1 million.

But let's say its assets are worth 1 million.

All of the assets needed to start the firm, the pizzeria.

Or they just have a super flush bank account.

Remember, every time it'd issue a loan, like for right here, it issued a 100 gold piece equivalent loan to D and instead of giving D 100 gold pieces from, say, right here, it just created a checking account for D, which later D paid to A and that's why it's labeled A right here. Let me relabel another thing because the gold is a different color just so you see the gold.

But let's just kind of think about a generic balance sheet for a bank.

So 225,000

I guess you could say non cash assets, right?

Are you a man of means?

But if you really consider all of the assets, and if you assume that there are some assets there that are non operating.

These are my assets, and these are my liabilities.

And if you look at the species level, you saw about fish.

Anyone making money on a stock, as long as they're not manipulating it, on either the short or the long side, is actually a net asset for the stock.

So I'm going to give you a little equation, actually, just to take a little bit of a tangent.

left hand side of the equation.