unpakwon
Senior Member
- Joined
- Jun 7, 2007
- Member Type
- Student or Learner
- Native Language
- Korean
- Home Country
- South Korea
- Current Location
- South Korea
Please make the following in bold clear for me.
Steve sold all but one share of his Apple stock, changing his balance sheet from a net worth of $200 million to $200 million, less taxes, in his pocket.
Is this saying "Steve changed his balance sheet from a net worth of $200 million to $200 million of cash (less taxes) that he can use anytime he wants"? I think I'm not sure of the difference between a net worth of $200 million and $200 million in his pocket. Does "the money in your pocket" mean the disposable income?
Thank you.
Steve sold all but one share of his Apple stock, changing his balance sheet from a net worth of $200 million to $200 million, less taxes, in his pocket.
Is this saying "Steve changed his balance sheet from a net worth of $200 million to $200 million of cash (less taxes) that he can use anytime he wants"? I think I'm not sure of the difference between a net worth of $200 million and $200 million in his pocket. Does "the money in your pocket" mean the disposable income?
Thank you.