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.
View More: Video of Oak Island After Hurricane Ike. For long-time Houston residents, a not unfamiliar site of I-10 under water. Today, it's traffic as usual. View More: Video of High Island After Hurricane Ike. Today, Allen Parkway is just a way to get to and from downtown. During Ike, it was a place for crazy rugby players to do backflips into floodwaters. View More: Hurricane Ike Slams into Houston. On his way to Galveston, Kramer stopped off in Kemah.