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.
Three years after Hurricanes Katrina and Rita ravaged the U.S. Gulf Coast, the region was hit once again by a pair of large storms: Hurricane Gustav made landfall near Cocodrie, Louisiana, on September 1, 2008, as a strong Category 2 storm; and Hurricane Ike made landfall near Galveston, Texas, on September 13, 2008, also as a strong Category 2 ...