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Equity Method of Accounting: Definition and Example
The equity method is an accounting technique used by a company to record the profits earned through its investment in another company.
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What he got DIRECTIONALLY right ✅ • Echoes true equity maxims: “No remedy without injury” & “Equity only acts for an aggrieved party.” • Old chancery courts DID require a real harmed party – his instinct taps legit historical roots. Where he went WRONG ❌ • Modern criminal law allows “victimless” crimes (public safety offenses). State = valid injured party. • Equity principles don’t override statutory crimes or dismiss cases like this. • No actual trust/contract violation here – pure pseudolaw te
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