![img 2 Working with Normal Distributions - Modeling Net Operating Loss](https://enstructcorp.com/wp-content/uploads/2020/11/img-2.png)
Financial Statement Circularity (Sheet Solution)
A challenging part of corporate finance modeling can be first learning how a model might auto balance assets with liabilities and equity. This examples shows how it works on a very simplified level, using a forced circular reference with iterations on the sheet.