mrsg not exactly a finance professional :-)

[Brownsville Brooklyn]

isn't that was "contigency" costs are allocated for on the balance sheet? I have not had time to be on here and see you delete posts . . . because I'm out skiing all day . . . so, could you please explain this to me . . . I would really appreciate it!!!!"

revenue & expense accounts are on a p&l not a balance sheet....balance sheet is a=l+c

 

[roark]

Obviously, neither are you. It's been years since I had to study this stuff... but perhaps I can at least lay out the most basic equations.

Assets are assets.
Liabilities are liabilities.

Surplus = Assets - Liab.

ContiNgencies are contingent (do you see where it comes from?) upon an event occuring, or failing to occur.

isn't that was "contigency" costs are allocated for on the balance sheet? I have not had time to be on here and see you delete posts . . . because I'm out skiing all day . . . so, could you please explain this to me . . . I would really appreciate it!!!!"

revenue & expense accounts are on a p&l not a balance sheet....balance sheet is a=l+c

re-read your bolded text. 'isn't that was'... 'contigency'... I hope you're not a product of the Huntington school system (I am, at least for K-6).

 

[MommaBear]

Assets = Liabilities + Capital on the balance sheet.

Contingencies are accrued for on the balance sheet.

 

[Brownsville Brooklyn]

Assets = Liabilities + Capital on the balance sheet.

Contingencies are accrued for on the balance sheet.

wrong! the term she used is "costs" cost=expense. there are only two types of accounts on an income statement: revenue & expense ie cost....contingency cost is still a cost....if the account were on a balance sheet then it would be either an asset or liability....believe me little people i know this stuff:beer:

 

[Brownsville Brooklyn]

Obviously, neither are you. It's been years since I had to study this stuff... but perhaps I can at least lay out the most basic equations.

Assets are assets.
Liabilities are liabilities.

Surplus = Assets - Liab.

ContiNgencies are contingent (do you see where it comes from?) upon an event occuring, or failing to occur.



re-read your bolded text. 'isn't that was'... 'contigency'... I hope you're not a product of the Huntington school system (I am, at least for K-6).

brooklyn not huntington oh great one....

wrong! the term she used is "costs" cost=expense. there are only two types of accounts on an income statement: revenue & expense ie cost....contingency cost is still a cost....if the account were on a balance sheet then it would be either an asset or liability....believe me little people i know this stuff:beer:

 

[marcski]

? WTF is this thread ?

English please!

 

[dmc]

MrsG hates me....

 

[RootDKJ]

? WTF is this thread ?

English please!

+2

 

[WakeboardMom]

? WTF is this thread ?

English please!

Why is there a need to have Mrs. G's name in the topic of this thread?

 

[bvibert]

Why is there a need to have Mrs. G's name in the topic of this thread?

I'm still trying to figure that out, along with the purpose of the thread in general??? :???:

 

[SkiDork]

I'm still trying to figure that out, along with the purpose of the thread in general??? :???:

welcome to the world of brownsville brooklyn.

 

[gmcunni]

I'm still trying to figure that out, along with the purpose of the thread in general??? :???:

i think it is political, probably best to lock it now.

 

[o3jeff]

Who is mrsg?

 

[RootDKJ]

Who is mrsg?

I thought that "mrsg" was an abbreviation for the word "messenger". You can imagine how confusing that was

 

[ctenidae]

I'd say the vast majority of people ae not exactly financial professionals. Hell, most of them are exactly not financial professionals.

And so, here's a picture of a bunny with Oolong on its head. Because, you know, I have no idea what yu're talking about.

 

[WakeboardMom]

Who is mrsg?

Mrs. G is someone who posts on another skiing forum; she may post here as well, I'm not sure.

 

[Brownsville Brooklyn]

Why is there a need to have Mrs. G's name in the topic of this thread?

Because shes a stuck up, obnoxious, wannabe that drinks too much

 

[dmc]

Because shes a stuck up, obnoxious, wannabe that drinks too much

I can't remember why she hates me now... Probably for the same reasons I have some dislikers here...

 

[Brownsville Brooklyn]

I'm still trying to figure that out, along with the purpose of the thread in general??? :???:

dood mrs g & I go way back to the 90s....mrsg worked at an investment co (easiest description) she was the right hand of the ceo....she was there 25+ years or so....when i first met her (remember i have a very very long history in finance & know how things work) she starts sprouping off all this crap, and I mean crap, as usual she knew nothing. she then went about telling every person she could that i was a dirt bag etc. the only dirt bag is that drunk idiot that she is....

 

[Brownsville Brooklyn]

Mrs. G is someone who posts on another skiing forum; she may post here as well, I'm not sure.

mrs g posted on kzone that azone is too "schmaltzie" or some crap....yeah thast y i joined azone & in 2 weeks i met 10 new skiers & found a new mtn to do bumps at. thanks alpinezone....