Expense Report

Interest expense.

EQ expense.

This is a liability.

Well, assets minus liability.

So that's a liability.

On interest expense.

Interest expense 500,000.

Spare no expense.

Spare no expense.

Spared no expense.

Why is it a liability?

Accounts Payable is a liability

That'd be my liability, right?

That could be a liability.

So I have zero liability.

And then instead of having an equipment expense, instead of having that expense, they'll have an equipment depreciation expense.

Your liability would be the loan.

So now I have this liability.

I have 1,000 gold pieces liability.

And why is it a liability?

So it's a liability to me.

And pays off the liability holders.

So just this is liability, 750,000.

Subtract the liability from both sides.

This adds to the expense.

So that's his interest expense.

Really spectacular. Spared no expense.

We thought of people as a liability.

What is my assets minus my liability?

And then the offsetting liability for me,

Lynn Verinsky Because of liability insurance. (Laughter)

That we'll just put generally as liability.

So the only liability is this 5,000.

This is a liability for me, right?

So over here you had another liability.

Or do you demand any wages from them so that they are burdened with expense?

The expense will fall on him.

I don't care about the expense.

They did it at great expense.

I traveled at my own expense.

The expense is chargeable on him.

And then we have interest expense.

Absolutely spectacular designs. Spared no expense.

liability side of the balance sheet as well.