Then they have retained earnings, and
I think I said last video that retained earnings always comes last.
Well, it didn't take long to find an exception to that.
3M lists treasury stock and
accumulated other comprehensive income after retained earnings.
We'll talk about what these two items are, we'll talk about these two items much,
much later in the course.
There's also this non-controlling interest stuff which we'll talk about later, but
then bottom line, total liabilities in stock holders equity.
And in Relic Spotter our assets equaled are liabilities plus equity.
And the same thing for 3M,
no matter how big the company is the two have to be equal.