Dear Taka,
Thank you for your sixth message. My comments follow.
Sincerely,
Prof. Sue Stiner
shouhei takayama <s2398475@slb.cgu.ac.jp> wrote:
> Dear Dr. Stiner
>
> Thank you your message.
> How are you doing?
Very well, thank you. And you?
>
> I will answer the questions in your " reply to fifth message."
> 1. What is the new cash value on the balance sheet?
> The new cashvalue is $28000.
Delaware Parts received the same amount of cash from its partners: $90,000.
They spent more cash for land and building: $70,000. Their cash balance is now
$20,000.
> 2. What is the new value of the long-term assets?
> The new value of the long-terbm assets is Land $10000 and Building
> $60000.
Correct. The total value of long-term assets is $70,000.
> 3. What is the new value of the total assets?
> The new value of the total asset is $90000.
Correct.
> 4. What is the new value of the total liabilities and stockholders'
> equity?
> The new value of the total liabilities is $0.
> And the new value of the total stockholders' equity is $90000.
Correct!
> 5. Please send me the Japanese translation for the following words.
> Please write the words in romajii.
Thanks for sending the vocabulary words.
<snip>
>
> >Is there such a holiday in Japan?
> Japan's Father's Day is not a holiday.
> >How do you celebrate it?
> It is a day we present something.
What present did you give your father this year?
> I'm looking forward to your reply.
>
> Sincerely,
> Taka
> (Syouhei Takayama)
Some beautiful sailing ships came into the Port of Wilmington. Wilmington is a
half-hour drive from my home. I did not see the ships "for real." I saw them
on TV. These ships are like the ones that brought people to my area a long
time ago. Here is a picture of a tall ship:
http://www.delawareonline.com/tallships/index.html
Have you ever gone sailing? It looks like fun!
The next lesson is at:
http://www72.homepage.villanova.edu/susan.stiner/cgu/income12k.html
It is the first of two lessons
on the income statement.