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 most celebrated magician and escape artist of the 20th century, dies of peritonitis in a Detroit hospital. Twelve days before, Houdini had been talking to a group of students after a lecture in Montreal when he commented on the strength of his stomach muscles and their ability to withstand hard blows. Suddenly, one of the students punched Houdini twice in the stomach.