27 Apr 2024, 08:04 [ UTC - 5; DST ]
|
| Username Protected |
Message |
|
Username Protected
|
Post subject: Re: Vans RV aircraft temporarily suspending operations  Posted: 17 Feb 2024, 19:00 |
|
 |
|
|
Joined: 01/10/17
Posts: 1700
Post Likes: +1165
Company: Skyhaven Airport Inc
Aircraft: various mid century
|
|
|
Is it normal for a Balance sheet total Assets vs Liabilities and equity to be equal for a company in a situation like Vans?
Or are the inventory numbers being adjusted to make the equation come out perfectly.
Which balance sheet numbers are actual vs estimates.
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Vans RV aircraft temporarily suspending operations Posted: 17 Feb 2024, 19:45 |
|
|
|
|
Joined: 03/01/17
Posts: 1059
Post Likes: +629
Location: CA
Aircraft: V35, C150
|
|
|
Yes, a balance sheet are defined as
Asset = Liab. + Equity
It would be unlikely the inventory is estimated. There may be some formulas or rounding, but not estimated.
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Vans RV aircraft temporarily suspending operations Posted: 18 Feb 2024, 00:35 |
|
|
|
|
Joined: 01/10/16
Posts: 1119
Post Likes: +1269
Location: KLBO
Aircraft: Cessna 172
|
|
Username Protected wrote: Yes, a balance sheet are defined as
Asset = Liab. + Equity
It would be unlikely the inventory is estimated. There may be some formulas or rounding, but not estimated. We also don’t know if the Financial Statements are “compiled”, “reviewed” or “audited”.
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Vans RV aircraft temporarily suspending operations Posted: 18 Feb 2024, 09:01 |
|
|
|
|
Joined: 01/10/17
Posts: 1700
Post Likes: +1165
Company: Skyhaven Airport Inc
Aircraft: various mid century
|
|
|
Yes understood a Balance sheet must Balance. But in a situation where the company is in dire straits and pulling money from various places to stay afloat. Then going into bankruptcy it seems like there would have to be items estimated to make the balance sheet come out perfectly.
Some would be real numbers but it must be skewed somewhere. Accounting is not that perfect.
The question is which numbers...
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Vans RV aircraft temporarily suspending operations Posted: 18 Feb 2024, 09:21 |
|
|
|
|
 |
Joined: 05/01/14
Posts: 8804
Post Likes: +13592
Location: Операционный офис КГБ
Aircraft: TU-104
|
|
Username Protected wrote: Yes understood a Balance sheet must Balance. But in a situation where the company is in dire straits and pulling money from various places to stay afloat. Then going into bankruptcy it seems like there would have to be items estimated to make the balance sheet come out perfectly.
Some would be real numbers but it must be skewed somewhere. Accounting is not that perfect.
The question is which numbers... There are a lot of numbers on a balance sheet that are estimates, but there are rules for how it's done. The "plug" to make it balance is equity.
_________________
Be kinder than I am. It’s a low bar.
Flight suits = superior knowledge
|
|
| Top |
|
|
Username Protected
|
Post subject: Re: Vans RV aircraft temporarily suspending operations Posted: 18 Feb 2024, 21:53 |
|
|
|
|
Joined: 03/01/17
Posts: 1059
Post Likes: +629
Location: CA
Aircraft: V35, C150
|
|
Username Protected wrote:
The question is which numbers...
The negative equity number
|
|
| Top |
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum
|
Terms of Service | Forum FAQ | Contact Us
BeechTalk, LLC is the quintessential Beechcraft Owners & Pilots Group providing a
forum for the discussion of technical, practical, and entertaining issues relating to all Beech aircraft. These include
the Bonanza (both V-tail and straight-tail models), Baron, Debonair, Duke, Twin Bonanza, King Air, Sierra, Skipper, Sport, Sundowner,
Musketeer, Travel Air, Starship, Queen Air, BeechJet, and Premier lines of airplanes, turboprops, and turbojets.
BeechTalk, LLC is not affiliated or endorsed by the Beechcraft Corporation, its subsidiaries, or affiliates.
Beechcraft™, King Air™, and Travel Air™ are the registered trademarks of the Beechcraft Corporation.
Copyright© BeechTalk, LLC 2007-2024
|
|
|
|
