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What will happen to any items in the assets and liabilities and equity if all cash was stolen NARRBEGIN: HYPOTHETICAL Hypothetical Retail and Wholesaler Fashion
What will happen to any items in the assets and liabilities and equity if all cash was stolen NARRBEGIN: HYPOTHETICAL Hypothetical Retail and Wholesaler Fashion Apparel Balance Sheet-(Risks and ERM) Liabilities and Owners' Equity Assets Cash (loss of use risks) Accounts Receivable (customers quality, foreign exchange and Buildings (asset risk) Tools, fumiture, inventory, and equipment (asset risk and opportunity asset risk in store design) $10,000 Liabilities Notes Payable (cash flow, $28,000 foreign exchange and interest rate risks) Accounts Payable and the mortgage on the building (real estate crisis, cash flow, and interest rate risks) $150,000 Total liabilities $27,000 Owners' equity $58,000 $130,000 $188,000
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