Quote by Mike Piper Download Open image ““Assets = Liabilities + Owners’ Equity”” — Mike Piper ★ ★ ★ ★ ★ 2.8 out of 5 (3 ratings) Copy quoteShare
“An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.” — Robert T. Kiyosaki Copy Share Image
It's our contention that equity may be in the money, depending on where the liabilities lie. — David Tepper Copy Share Image
If I sold all my liabilities, I wouldn't own anything. My wife's a liability, my kids are liabilities, and I haven't sold them. — Ted Turner Copy Share Image
“•The rich buy assets. •The poor only have expenses. •The middle class buy liabilities they think are assets.” — Robert T. Kiyosaki Copy Share Image
“Take what you get, and make the best of it. Make it an asset not a liability” — Haven Angel Copy Share Image
The liabilities are always 100 percent good. It's the assets you have to worry about. — Charlie Munger Copy Share Image
“Legacy accounting: Will you have been an asset or a liability on the world's balance sheet?” — Ryan Lilly Copy Share Image
“They have all the upsides of partnership without the liabilities. If I’ve got a dollar, they’ve got a dollar. With a partnership it is… — Michael Janda Copy Share Image
Rule One. You must know the difference between an asset and a liability, and buy assets. An asset is something that puts money in… — Robert Kiyosaki Copy Share Image
OWE, v. To have (and to hold) a debt. The word formerly signified not indebtedness, but possession; it meant "own," and in the minds… — Ambrose Bierce Copy Share Image
“The cash flow statement also differs from the income statement in that it shows many transactions that would not appear on the income statement.” — Mike Piper Copy Share Image
“First, there are often differences in timing between when an income or expense item is recorded and when the cash actually comes in or… — Mike Piper Copy Share Image
“How Much Money You Need to Retire and How to Manage Your Retirement Savings, Explained in 100 Pages or Less Mike Piper, CPA … — Mike Piper Copy Share Image
“all cash inflows or outflows are separated into one of three categories: Cash flow from operating activities, Cash flow from investing activities, and Cash… — Mike Piper Copy Share Image
“Getting a tax ID is absolutely free, and the entire process only takes a few minutes. Simply visit irs.gov, search for “EIN,” and fill… — Mike Piper Copy Share Image
“The statement of retained earnings acts as a bridge between the income statement and the balance sheet. It takes information from the income statement,… — Mike Piper Copy Share Image
“The business must file Form 2553 along with Form 1120S (the form for an S-corporation’s annual tax return) no later than six months from… — Mike Piper Copy Share Image
