What Does Value in 000’S Mean?

First, at the top, we see a ($000’s). That means that all of the numbers on the rest of the page are in thousands of dollars, so a 12 on the income statement is really $12,000. It’s important to keep that in mind.

How do you read thousands?

In thousands means you add 000 at the end. So what you are reading is $256,275,000; Two Hundred Fifty Six Million . . . Thank you for responding. So, if the number were 5,319.9 and it says it is in millions, do I add five zeros (six numbers after decimal), so the number would be 5,319,900,000?

The information found in a balance sheet will most often be organized according to the following equation: Assets = Liabilities + Owners’ Equity. A balance sheet should always balance. Assets must always equal liabilities plus owners’ equity. Owners’ equity must always equal assets minus liabilities.

Are balance sheet numbers in thousands?

Nail down the numbers

At the top of a balance sheet or any other financial report, you see a statement indicating that the numbers are in millions, thousands, or however the company decides to round the numbers. The large company may round to millions, whereas the smaller company may round to thousands.

000’s Omitted, Thousands Omitted, Millions Omitted

The reference to “000’s omitted” is most often found in financial reports and refers to the practice of presenting tables of numbers presented in “thousands of dollars” (hence 000’s omitted).