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.
The infamous Hurricane of 1900 struck Galveston shores on September 8, 1900, killing 8,000-12,000 people in its wake. It is still the deadliest natural disaster in U.S. history, and awakened Galveston citizens to the importance of having a seawall to shield them from future storms.