Stock Market / Accounting Comic Strip
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Hi Micheal! How was work today? You are in the accounting business right?
Hey Lisa, it was good! I had to put together an income statement for Nike,they had a net income of $4.5 billion!
Wow! They must not have a lot of liabilities, their earnings are great!
Yeah! Where are you headed?
I am on my way to get some coffee, wanna join?
Sure! I can teach you about the accounting equation.
When you create balance sheet, you need to make sure that everything is equal. Here, I'll show you it on my phone.
Assets = Liabilities + Owner's Equity
Wow that's cool! Thanks for teaching me.
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