I am such a business student…
You borrow $50 each from mom and dad. You use the change to pay back each of them $1. That means you have a liability worth $98.
You end up with a shirt worth $97 and $1 change, which adds up to total assets of $98.

I am such a business student…

You borrow $50 each from mom and dad. You use the change to pay back each of them $1. That means you have a liability worth $98.

You end up with a shirt worth $97 and $1 change, which adds up to total assets of $98.

The random things I find on the internet as well as some of my own creation


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