Dear Dr. M. Susan Stiner,

Thank you so much for your reply to my fifth message.

I suppose you had a great time with your family last weekend.

Let me answer the questions in the homework.

Q1. The balance sheet is the statement of a business' financial

position. It provides a snapshot of a business' health at a

point in time. It is a summary of what the business owns(assets)

and owes(liabilities). Balance sheets are usually prepared at

the close of an accounting period such as month-end, quarter-end,

or year-end. In conjunction with other financial statements, it

forms the basis for more sophisticated analysis of the business.

The Balance Sheet is also a tool to evaluate a company's flexibility

and liquidity.

Q2. Stockholders' equity is the investment by the owner plus any profits

or minus any losses that have accumulated in the business.

Q3. Japanese translation for these words.

• accounts receivable-----urikakekin
• assets-----shisan(syoshisan)
• balance sheet-----taisyakutaisyohyo
• cash-----genkin(genkinyokin)
• credit-----kashikata
• current asset-----ryudoshisan
• current liability-----ryudohusai
• debit-----karikata
• dividend-----haito(haitokin)
• double-entry-----hukushiki
• equipment-----bihin
• inventory-----tanaoroshishisan
• investment-----toshi
• liabilities-----husai(syohusai)
• payable-----mibarai
• property-----yukei
• stockholders' equity-----kabunushimochibun

That's all. Thank you for reading it all.

Best regards,

Fumi