Dear Waka,
Welcome back from your summer break! It sounds as if you used your time
well. My comments follow.
Sincerely,
Prof. S. Stiner
s2396593@cc.cgu.ac.jp wrote:
>
> >Dear Dr. M. Susan stiner,
> > I haven't seen you for a long time.
> >How are you getting along summer vacation?
How are you getting along with your summer vacation.
My vacation was nice while it lasted. If you go to this site,
http://www.vill.edu/~sstiner/summer98.html, you can see what I did on my
summer vacation. I showed that page to my students at Villanova. We
returned to school on August 27 (twenty-seventh). To see what my
husband did this summer, go here: http://udel.edu/~38555/summer98.html.
> >I want to take a driver's licence. It is realized!
I wanted to take a driver's license test. It is done!
> >I got driver's licence in summer vacation.
I got my driver's license over summer vacation.
> >Driving car is very tired.
Driving a car is very tiring. (And expensive!)
>When you're not used to something, you get tired.
Ah, yes. But what a pleasant reason for being tired! Congratulations
on getting your dirver's license. Do you own a car of your own now?
> >In Japan, a lot of traffic volume.
In Japan, there is a lot of traffic volume.
Yes, there certainly was ten years ago. I'm sure it is worse now!
>I think attend to a traffic accident.
I think I will watch out for traffic accidents.
Yes, please drive carefully and pay full attention to the road. Don't I
sound like a mother!?! I've seen some very bad accidents here because
of volume and high speed. I want you to live a long life and visit me
in the U.S.
> >I can say this much for certain.
> >
> >I hope on the second turm.
I am not sure what you mean, Waka. Sorry.
> >Sincerely,
> >Waka
It is time to resume our talks about accounting, American style. Before
break, we talked about two of the most important financial statements.
These are the balance sheet and the income statement.
The balance sheet shows the company's financial picture on the last day
of the reporting period. The income statement shows the company's
profit, or loss, for the entire reporting period.
Both the income statement and the balance sheet use the accrual method
of accounting. Under the accrual method, income and expenses are
recognized, regardless of whether cash is received or paid.
Cash is such an important asset to a company that American accounting
information users want to know all about it. We have a formal financial
statement, the Statement of Cash Flows, that tells us much about the
cash received and spent by the company. Next week, we will talk about
that statement.
--
Prof. M. Susan Stiner