1. All the chapters are here.
2. Want to go straight to quizlets? Go here.
3. When you're ready for a practice exam, go here. And remember to hit the restroom before you start.
4. Flashcards: "blah blah blah"
5. Tired of flashcards? Really? Well here's a list of all the words
Ok, if you need to go through this quick and dirty introduction again. You know where to find me.
Please silence your phones. We hope you enjoy the show.
Balance Sheet B.S.
The company’s equity at this point looks like this:
500,000 Preferred stock
1,000,000 Common stock
Note that at inception, A and B owned the company 50-50, halfsies; now each owns 33%, assuming a successful outcome. They own somewhere between that number and the square root of zero in a less successful outcome.
The Net Worth of the company is now $500,000. It’s just the cash.
There is $1,000,000 of perceived value here, though. Why? What did Reid buy? He’s a savvy guy and kn...
Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!