Assets are matched with liabilities. E.g. I may have an asset worth $1M - namely... | Hacker News

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		smsm42 on Nov 12, 2013 \| parent \| context \| favorite \| on: $4.1m goes missing as Chinese bitcoin trading plat... Assets are matched with liabilities. E.g. I may have an asset worth $1M - namely, my house (I don't, but a man can dream :). Now am I rich or not? It depends. If I owe nothing on the house, I'm in a pretty good shape. If I have a liability of $1.5M mortgage, I'm deeply in the red.

Sniperfish on Nov 12, 2013 [–]

Assets are matched with liabilities + stockholder equity, not just liabilities. (Balance Sheet equation is Assets = Liabilities + Stockholder Equity)

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