Later in the year, Portland fifth graders get to visit Japan, and there's another trip abroad in the eighth grade.

And on the cash flow statement you express that saying

An advance. Straight away. Or I stop.

So when you use cash to buy an asset, and that asset has a useful life that's more than just that period, you're essentially capitalizing the expense or you're essentially creating that asset on the balance sheet.

An analogue would be the growth of bacteria in a petri dish.

How much would it cost?

Just have a look at the demographics in the U.S. here.

Do your investors still agree?

The capital for this plan was prepared.

We do not release vehicles until all impound fees are paid.

Doctors' bills really cut into our savings.

life left, so it's of 250,000 of value to me.

So the CEO's salary or the CFO's salary or the headquarters in a nice skyscraper, that doesn't get factored in here.

That assets, A for assets, is equal to

Sometimes you have to pay salespeople, so you might have sales expense, and then the stuff like the corporate office and the CEO's salary, and you have to hire auditors and accountants and all of that.

But we'll do a whole playlist on that.

The university paid my way to Japan.

A dollar... A dollar ten?

OK, in 2007, we had an equipment expense.

Cost of Goods Sold.

Starting with newspapers, what we saw was high cost as an initial requirement for making information, knowledge and culture, which led to a stark bifurcation between producers who had to be able to raise financial capital, just like any other industrial organization and passive consumers that could choose from a certain set of things that this industrial model could produce.

The results will look much better.

They could say, well when I go to my financial planner, they said, oh, it's so inefficient for you to have all of that equity sitting in your house.

In the breaks of your TEDx event, it's good to provide food and beverages.

But that's not how much income we made, because there was a

listen, refine something and go back.

Now, month four You cater the last customer's event.

Uh, here there's a rider wanted,

Spare no expense.

Spare no expense.

I'm not paying for you to stay here.

Just think of the benefits when it comes to jobs, productivity, employment, child nutrition, maternal mortality, literacy and much, much more.

And what is required is a combination of physical capital, institutional capital, human capital and security, of course, is critical, but so is information.

It should start to make a little bit of intuitive sense

And then on the equity side, because we have no liability, so in this case assets will be equal to equity.

So, the ceiling and the furniture would be safe.

Would you pull the files, please?

They just have it around.

Because remember, income statements are just telling you how do you get from one balance sheet to another.

liabilities plus equity.

They're your machines, and you're renting the space.

It's a matter of cost.

Their focus is always about anticipated consequences.

But actually, it's not my fault it's from the Guardian newspaper.

At what cost?