Balance Sheet

let's say it's a million dollars.

Above this line right over here is the income statement, down here is the balance sheet.

But fair enough.

What's included in the balance sheet?

So what they do is, instead of just expensing the cost of the machine, when the machine is bought on the balance sheet at the beginning of 2007, they say, we now have an asset called a machine.

That's 50,000 at this point right here, right when we bought the machine.

So patent amortization would be 1,000 in this year, 1,000 in this year, 1,000 in this year, and 1,000 in this year.

I just keep all of those 810 gold pieces as reserve.

A dream that's enabled him to post more than 2300 videos on a host of different subjects, from math, to history, to economics.

I'm just increasing both the left and the right hand side of the balance sheet for every new loan I make.

So just, I guess, a bit of a review, just to make sure we're clearly reading this balance sheet.

But any way you think about it, our assets will have increased by this amount of money over the course of the year.

So what he's saying is that, we are mechanically doing the same thing that Japan did, we're increasing our balance sheet, which is analogous to printing money

They're really the same thing

So I'm also solvent.

There's the income statement and the other two are the balance sheet, which I have drawn a lot in a lot of the other explanations I've done on the financial crisis and whatever else.

So I'm going to use the same Khan Academy techniques to hopefully explain some of this.

Most of what you do is you rearrange this side of the balance sheet.

And you could watch some of the videos that I did before the whole financial mess on the balance sheet.

The way that you account for that, is on your balance sheet, you say that you are essentially owed 400, so this accounts receivable this is essential stuff that other people owe you, you need to receive this from other people, but it's an asset, other people have an obligation to you

Which probably,you know, that's a sign that the stink is starting to emerge from this part of the balance sheet.

Their balance sheets are identical, except for Jason's Shoes has 100,000 in debt, and Ben's Shoes has no debt.

Indeed, we are.

So, do you trade off time with Luke?

You have a positive net worth, assuming that you're not lying about what's going on in your balance sheet.

In the storage facility. I rented it the day I disappeared.

I could have up to 3,000 gold pieces of demand deposits.

It's safer than their mattresses, so they then deposit 1,000 gold pieces with me.

So I just put this as negative 100 here, it normally wouldn't be accounted that way on an actual company's balance sheet, but just to simplify it,

Absolute number specifies the type of reference 1 or omitted Absolute, 2 Absolute row, relative column, 3 Relative row absolute column and 4 Relative.

Lend your money and lose your friend.

Deposits on long term leases.

That would leave us square.

We're even now.

Lend your money and lose your friend.

I don't want to lend or borrow.

Like a changeling.

It looks like I'm making money out of nowhere.

My older brother borrowed money from a loan shark.

This is now at 3 .

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Don't listen... don't!

So my question is, if these are all the deposits I have, or these are all of the reserves I have, how much can I lend out.

He never borrows nor lends things.