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Thursday, April 06, 2023 4:09:53 PM
“Total Liabilities and Stockholders Deficit” must equal the same exact dollar amount as “Total Assets”
If a company had $500 million in “Total Assets” than “Total Liabilities and Stockholders Deficit” would also equal a total of $500 million (the same exact amount).
This filing for GRPS shows:
Total Assets = $7,831,040
Total Liabilities and Stockholders Deficit = $7,831,040
Same exact amount.
At least their finance/accounting person did it correctly.
That dollar amount you portrayed doesn’t help or hurt the stock.
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