What is the Accounting Equation? Explaining Assets = Liabilities + Equity
Peak Frameworks
MAY 22, 2023
Liabilities represent the obligations a company has to outside parties, such as debts, loans, and accounts payable. In 2018, General Electric reported $309 billion in non-current assets. Accurate valuation of assets, such as real estate, can significantly impact a company's financial position and performance.
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