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.
âItâs a lot cleaner today than it was before Hurricane Ike,â Herz said. âThe town is much smaller, so the business opportunities are much fewer unless youâre in tourism, medicine or construction.â. Ike was directly responsible for at least 103 deaths, 17 of them in Texas. The storm caused more than $50 billion in damage, making it what probably was the costliest hurricane ever to hit the state, according to the Governorâs Commission for Disaster Recovery and Renewal.