For other people named Bob Ross, see Bob Ross (disambiguation) . Robert Norman Bob Ross (October 29, 1942 â July 4, 1995) was an American painter, art instructor, and television host.
net equity net assets and deficit equity are all terms that may arise on a company s balance sheet this is a document that is prepared periodically and is used for accounting purposes it is also prepared for the benefit of stockholders or any entity that has a financial interest in the company such as a creditor
What is Negative Shareholders Equity? First of all, Equity = Assets â Liabilities Negative equity on the balance sheet simply refers to the fact that the Company owed their creditors in excess of what they owned at that point in time â basically it means that they were âbrokeâ.