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eopa Jstegall2
Jstegall
| Question | Answer |
|---|---|
| Liability | any amount owed to a creditor |
| Securities | shares (stocks) and bonds |
| Shareholders´ Equity | the shareholder's claims on a company's assets after all of its creditors have been paid |
| Bank Debt | loan capital including also any overdraft (temporary negative balance) |
| inventory | the value of raw materials and stock |
| Mortgage | a long-term bank loan to purchase a home or other real estate |
| The basic equation that has to balance is: | Assets = Liabilities + Shareholders´ equity |