Over the course of the year, we earned some money.

The customer pays you 200 for your services

And so your profit is 100.

So this right here you could view as our income statement.

On the cash basis it looks like you lost money again.

So they can see where the buisness is doing well, where it's not doing well, or maybe how rescorces should be allocated

Give a better indication of what's actually going on in the buisness, and the way I did it in the first two videos, the first column over here

let's do it on an accrual basis.

So this kind of the cash income statement,

And you didn't have to spend any expenses because you didn't do any accounting.

Let's now account for the same series of events but instead of doing it on a cash basis

So both cash and Accounts Receivables are assets.

And so in month 4 we earned 100, and once again, 100 went away from our cash balance, so we still have 400.

When did Democracy come into existence?

Release IP address

Release

Release

Maybe as people, because especially in Israel, we're in a democracy.

Individual freedom is the soul of democracy.

Stand by to initiate release sequencer.

Google is a company born of idealism.

Why would I want to invest in this buisness that's losing 200 a month?

Launch Year

Release Year

We're finally having a surprise Jei Song revealed!

Do not forget that fascism, communism, capitalism or other isms are all monetary systems.

Before, revolutions used to have ideological names.

This is probably the first real press release by a victorious army that we've got.

There seems to be a problem with the main reactor.

Communist, Nazi, fascist ...

Then, I've discovered, with wonder, the brilliant ideas that founded the Athenian democracy.

If you are a Republican, you can take a Democrat to lunch, or if you're a Democrat, think of it as taking a Republican to lunch.

I thought this was a democracy and I thought the democracy is based to the collective will of the people.

Release Info

Release.

Well, that idea of biomimicry, respecting the wisdom of all species, combined with the idea of democracy and social justice, respecting the wisdom and the worth of all people, would give us a different society.

We can do this.

Nice college kid. Socialist.

Communism, capitalism...

The DVD release junket.

So the distance from the world that is provided, is profoundly creative of all that is human, both the machiavellian and the erasmian.

So now it get's interesting, because you performed the catering that month and the catering you performed that month is worth 400.

So I'm gonna start of, we're gonna focus on month 2 and what I've done is I've rewritten some of this accrual income statement down here so it really looks like a statement so this right here is the income statement for month 2 on an accrual basis.

The Limits of Democracy

The constitution's gone.