27 Apr 2024, 21:16 [ UTC - 5; DST ]
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Post subject: Re: Vans RV aircraft temporarily suspending operations Posted: 17 Feb 2024, 19:00 |
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Joined: 01/10/17 Posts: 1701 Post Likes: +1165 Company: Skyhaven Airport Inc
Aircraft: various mid century
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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.
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Post subject: Re: Vans RV aircraft temporarily suspending operations Posted: 17 Feb 2024, 19:45 |
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Joined: 03/01/17 Posts: 1059 Post Likes: +629 Location: CA
Aircraft: V35, C150
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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.
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Post subject: Re: Vans RV aircraft temporarily suspending operations Posted: 18 Feb 2024, 00:35 |
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Joined: 01/10/16 Posts: 1119 Post Likes: +1269 Location: KLBO
Aircraft: Cessna 172
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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”.
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Post subject: Re: Vans RV aircraft temporarily suspending operations Posted: 18 Feb 2024, 09:01 |
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Joined: 01/10/17 Posts: 1701 Post Likes: +1165 Company: Skyhaven Airport Inc
Aircraft: various mid century
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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...
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Post subject: Re: Vans RV aircraft temporarily suspending operations Posted: 18 Feb 2024, 09:21 |
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Joined: 05/01/14 Posts: 8804 Post Likes: +13592 Location: Операционный офис КГБ
Aircraft: TU-104
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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
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Post subject: Re: Vans RV aircraft temporarily suspending operations Posted: 18 Feb 2024, 21:53 |
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Joined: 03/01/17 Posts: 1059 Post Likes: +629 Location: CA
Aircraft: V35, C150
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Username Protected wrote: The question is which numbers...
The negative equity number
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