The layout of a balance sheet reflects the basic accounting equation: Assets = Liabilities + Owners' Equity. with assets listed on the left side and liabilities and equity detailed on the right. Consistent with the equation, the total dollar amount is always the same for each side. In other words, the left and right sides of a balance sheet are always in balance.
Hurricane Ike was the first hurricane to hit the Houston area since Hurricane Jerry in October of 1989 and the first big hurricane to hit since Hurricane Alicia in 1983. Ike is the hurricane that changed the Saffir-Simpson scale, the scale that rates how strong a hurricane is, as we know it.
SB: Yes, I think Harvey matches what Iâve feared. The last catastrophic rainfall event in Houston was in 2001, Tropical Storm Allison. Harvey is very reminiscent of that, a storm that stalls over Houston and continuously dumps rain. Whatâs different is not so much the amount of rain, because Allison had 35 or 36 inches. Itâs the geographic scope.