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..
Deborah Feingold/Corbis via Getty. Dr. Joy Browne, the radio and TV psychologist who lent her expert advice on air for nearly 40 years, has died. She was 71. Browne died on Saturday in New York City, The New York Times reports, noting that Browneâs brother, David Oppenheim, confirmed the death but did not give a cause.