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There is a fourth thing to know as well: Off-Balance Sheet Liabilities, which can sometimes be so large that they make the other 3 reports seem like a joke. (F
by prakster 13y ago
There is a fourth thing to know as well: Off-Balance Sheet Liabilities, which can sometimes be so large that they make the other 3 reports seem like a joke. (For example, Google 'Netflix off balance sheet liabilities').
- marcosdumay 13y agoWell, put your liabilitites into your balance sheet. It's your company, the only one you'll fool by taking them out is yourself. And you are a fool if you want to fool yourself. But yeah, if you are investing in other people's companies, you must seek those.
- jacquesm 13y agoThere are serious problems for failing to disclose. Of course that doesn't discharge the buyer that doesn't look for them but as a seller you also have obligations.