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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?


To: Ed Pakstas who wrote (8703)11/5/1998 1:00:00 AM
From: hedger  Respond to of 11676
 
my wife is here and says it is money available but is still a debt that must be repaid, thus not an asset. eom.

ps went to buy a six pack of becks tonight with a t-shirt on. very mild on the west coast but a little damp at times today. no snow on the mtns yet. i climb grouse mtn twice a week and not a flake.



To: Ed Pakstas who wrote (8703)11/5/1998 1:01:00 AM
From: Wizzer  Read Replies (1) | Respond to of 11676
 
I'll attempt to answer, but I'm no accountant. I would think a line of credit that is not being used would not count in a net worth calculation, however, if it does have an outstanding balance on it, it can only be classified as a liability. It may be worthy of note, nonetheless. Analogy: Because I have a credit card with a $5000 limit on it, it does not mean my net worth is increased by $5000. If I owe $5000 on it, then I am worth $5000 less.

Regards, Wisam