statement of changes in net worth

statement of changes in net worth

statement of changes in net worth

net worth

statement of changes in net worth

closing balance net worth

change in net worth due to saving and capital transfers account

changes in net worth due to neutral holding gains/losses

We would suggest that a net worth test be applied as follows: Claims by an individual plaintiff whose net worth is under $100,000 and who loses more than 10 per cent of his or her net worth because of insolvency or unavailability of the one of the defendants would be subject to the continued provisions of joint and several liability.

Senator Meighen: Why would you conclude that someone whose net worth is under $100,000 is, ipso facto, more unsophisticated than someone whose net worth is $200,000?

Unsophisticated investors would be those that meet the following criteria: First, they would have a net worth under $100,000, and, second, they would have lost more than 10 per cent of their net worth because one or more of the defendants is insolvent or otherwise unavailable.

However, classification as a financial liability does not preclude the use of descriptors such as ‘net asset value attributable to unitholders’ and ‘change in net asset value attributable to unitholders’ in the financial statements of an entity that has no contributed equity (such as some mutual funds and unit trusts, see Illustrative Example 7) or the use of additional disclosure to show that total members’ interests comprise items such as reserves that meet the definition of equity and puttable instruments that do not (see Illustrative Example 8).