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..
DETROIT â Bobby Smith, longtime lead singer of The Spinners, died Saturday in Orlando of complications from pneumonia and the flu, his family said. He was 76. Smith had been diagnosed with lung cancer in November. The funeral will take place Monday in Detroit, where Smith will be interred, said the group's Jessie Peck.