| Investing Lesson 3 |
| Quiz: How to Analyze a Balance Sheet |
Explanation of $500 Question
Shareholder equity is what's left after you subtract the total assets by the total liabilities. Book value excludes intangible items such as theme songs, patents, brand names, etc. Book value is sometimes referred to as "Net Tangible Assets" since it is the figure for all of the assets a company owns that can be felt and seen.
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