Dear Professor Stiner,
I would like to apologize for not answering your questions last week.
Because I couldn't finish the lessons. I am so sorry.
These are a lesson 2 answers.
1. Is it hard to get to this webpage with the lesson?
No, It is not hard to get to this webpage with the lesson.
2. Is it hard to understand the links?
No, It is not hard to get to the links in the lesson.
3. Is it hard to understand the links?
No, I almost understand all.
4. How long does it take to write answers to the lessons?
It takes about a couple of days for me to answer the
questions, because I have to go through this lesson few times
and I have look up for the dictionary a lot.
This is a lesson 3 answers.
1. What is a balance sheet?
The balance sheet is the statement of a business's financial
position. A balance sheet 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.
The balance sheet is also a tool to evaluate a company's flexibility and
liquidity. The financial position is given by the equation:
Assets = Liabilities + Stockholders' Equity
2. What is stockholders's equity in the U.S.?
"Stockholders" is the name for the owners of a corporation.
The stockholders' equity is:
The owners' original investment + Net earnings from the business - dividends
3. Please send me the Japanese translation for these words.
English Japanese
accounts receivable uri-kake-kin
assets shi-san
balance sheet taisyaku taishouhyou
cash gen-kin
credit kashi-kata
current asset ryu-dou-shi-san
current liability ryu-dou-hu-sai
debit kari-kata
dividend hai-tou
double-entry hu-ku-shi-ki-ki-nyuu
equipment setsu-bi
inventory sai-san-moku-roku
investment tou-shi
liabilities hu-sai
payable kai-kake-kin
property sho-yuu-ken
stockholders' equity kabu-nushi-mochi-bun
That is all for last weeks lesson, Thank you very much.
Hope to contact you again next week.
Sincerely,
Wong