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..
Herb Kent, legendary Chicago radio personality, dies at 88. Chicago radio legend Herb Kent, the longest-running DJ in the history of radio and a fixture on local airwaves for more than 70 years, died Saturday. He was 88. Kent's death was announced Sunday by executives at V103, where Kent worked for the past three decades.