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..
THE LAST DAYS OF BUD ABBOTT. Awhile ago I posted a story on comedian Bud Abbott that was done in 1960. It was a year after his beloved partner Lou Costello passed away. Abbott was sad and dejected after feeling left out by the Hollywood scene that once embraced the team. Sadly, his final years got worse and worse. When Bud Abbott died on April 24, 1974 at the age of 78 he was a broke and defeated man. In 1961, Bud Abbott began performing with a new partner, Candy Candido to good reviews. But Abbott called it quits, remarking that No one could ever live up to Lou..