lesson-5

Lesson 5

This week, I was happy.

My favorite tennis players for the last seven years won the French Open.

Their names are A. Agassi and S. Graf.

I like them since I started to play tennis.

I wept for joy.

Last week's homework:

I didn't open Nippon Telegraph & Telephone.

1.2. I don't understand.

3.a. I want to cyose for the financial statement

　 of Honda Co.

　 I want to chose Honda Co. for the financial statements.

4.A. McDonald's of Japan don't have financial

　 information.

McDonalds's of Japan doesn't have financial information on its site.

4.B. I could not find Japanese financial information out

　 on the web. I think Japan's disclosure is late.

　 I meant for you to see what information on the American operations was

　 offered at the McDonald's USA site. The financial statements are

　 available to everyone. In contrast the Japanese site does not have

　 financial information. By law much finnancial information must be made

　public in the US.

This week's homework:

1. A balance sheet is the first financial statement and

　the statement of a business's financial position.

　There have asset and liability and stockholders' equity

　in a balance sheet.

　There are assets and liabilities and stockholders' equity in a balance

sheet.

2. Stockholder' equity is the difference between assets

　and liabilities. It is the name for the owners of a

　corporation.

3. Current asset of Aspect Telecommunications has five

　items. There are cash and cash equivalents, Short-term

　investments, Accounts receivable, net, inventories and

　other cucurrent assets.

4. Long-term liability has deferred income taxes, other

　liabilities.