The U.S. 2nd Circuit Court of Appeals ruled that a multiemployer pension fund cannot “double count” transferred assets when calculating an employer’s withdrawal liability, wiping out approximately ...

Overall net worth (assets minus liabilities) The ultimate insight from a net worth statement is exactly what it says: the net worth number, which is simply assets minus liabilities. The number in ...

The classic equation at the root of all accounting activity states that assets minus liabilities equals equity. In other words, the equity or value of your business can be measured by subtracting what ...

Following general accounting principles is essential to managing your business. Maintaining a balance sheet of your assets and liabilities, tracking your cash flow with an income statement and ...

In financial and investment terms, net worth is defined as a person’s or entity’s total assets minus their liabilities. Both should be headers on your balance sheet. What is an asset — and are you ...

Asset management is an integral part of accounting basics that deals with the monitoring and maintenance of valuable items owned by an individual or an entity. Assets contribute significantly to the ...