For example, assets which do not generate income, do not appreciate in value, but require payments drag your finances down like a liability. A boat, horse, or second home are examples of this.

Pension expense signals an employer's annual cost for maintaining an employee's pension plan. Employers who provide a pension plan must calculate and disclose plan assets and liabilities on an ...

Learn what an income statement is, its key components (revenue, expenses, profit), and why it's important for financial analysis.

This, too, keeps your balance sheet in balance: Assets decline by $13,200 on one side; on the other side, liabilities shrink by $200, and equity decreases by $13,000, for a total decrease of ...

Your financial situation can be viewed in four categories: assets, liabilities, income and expenses. Assessing Financial Assets In Divorce. Financial assets include cash, savings accounts, ...

When you acquire assets, you lower your expenses, multiply your sources of income and put yourself in a position whereby you can afford what you really want. Life is truly beautiful and those ...