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
Operating reserves are not equity in a building. Granted, equity does show up as an unrestricted net asset on an organization's balance sheet. However, equity is not the same as operating reserves because it can't readily be converted to cash.