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..
Glenn Frey, co-founder and guitarist for the Eagles, has died ... TMZ has learned. We're told the cause of death was a combination of complications from rheumatoid arthritis, acute ulcerative colitis, and pneumonia. Frey had been battling intestinal issues for months and had surgery in November. We're told in the last few days his condition took a turn for the worse. He died in New York City. Glenn co-wrote and sang on most of the Eagles hits, including Take It Easy, Tequila Sunrise, Lyin' Eyes, and Heartache Tonight, to name a few.