|
C IL | I guess your expense in your first paragraph isn’t really on a balance sheet. On the balance sheet your total mortgage on your land (liability) would be listed against the value of the land (mortgage). You can split the liabilities up as many ways as you want (terms).
I have never had someone explain the working capital thing to me in terms I understand on a P&L. I understand the underlying income statement but I agree with WC thing makes no sense. It’s like the payment is due in the absence of any common sense economic activity (like deriving a crop and income off of the underlying asset). | |
|
I need a banksplination
