It is comprised of the following three elements: 1  Assets: Something a business owns or controls (e.g. cash, inventory, plant and machinery, etc) 2  Liabilities: Something a business owes to someone (e.g. creditors, bank loans, etc) 3  Equity: What the business owes to its owners.
On December 26, 2002, Ritts died of complications from pneumonia at the age of 50. According to Ritts' publicist, Herb was HIV-positive, but this particular pneumonia was not PCP (pneumocystis pneumonia), a common opportunistic infection of AIDS. But at the end of the day, his immune system was compromised..
Harry Houdini, the greatest magician ever produced by America, died in Detroit, Michigan during a national tour. The cause of death officially was peritonitis from a ruptured appendix. His death came nine days after having been punched in the stomach during the Canadian leg of the tour by J. Gordon Whitehead, a McGill University student who was testing Houdini's famed ability to take body blows.