Dear Den,
Thank you for your sixth message. My comments follow.
Sincerely,
Prof. Sue Stiner
Masaki Inden wrote:
> Dear Prof. Stiner,
>
> Thank you for your reply!
>
> Have you seen a basketball game?
>
> Nothing.I want to see a basketball!
>
> Was Prof. Stiner seen a basketball?
I have seen basketball games, but most of them were college games.
I liked to watch them in high school especially.
>
> Where do you see karate?
>
> It was in a gymnasium.
>
> Do you know karate yourself?
>
I played karate myself.
How long did you do karate?
Do you still do karate?
Have you ever ridden a motorcyle?
What is the most exciting thing you have ever done in your life?
>
> Homework
>
> Suppose that Beach Toys, Inc., bought the land for $10,000
> (not $8,000).
> Suppose also that they bought the building for $60,000 (not $50,000).
> Assume that both assets were purchased with cash.
> Make a new balance sheet. Then answer these questions.
>
>
>
> Beach Toys，Inc．
>
> Balance sheet
>
> January 10，2004
>
> ASSETS
> LIABILITIES $0
>
> Current Assets
>
> Cash $20,000
>
> Long‐term assets
>
> Land $10,000
>
> Building $60,000 STOCKHOLDERS' EQUITY
>
> Total Long‐term Assets $70,000 Common stock，9,000Shares,
> $10 par $90,000
>
> TOTAL ASSETS $90,000 TOTAL LIABILITIES
>
> ANDSTOCKHOLDERS'EQUITY $90,000
>
>
> 1. What is the new cash value on the balance sheet?
>
> The new cash value is $20,000．
Correct!
>
> 2. What is the new value of the long-term assets?
>
> The new value of long-term assets is $70,000.
Correct!
>
> 3. What is the new value of the total assets?
>
> The new value of total assets is $90,000.
Correct!
>
> 4. What is the new value of the total liabilities and
> stockholders' equity?
>
> The new value of total liabilities and stockholders’equity
> is $90,000．
Correct!
>
> 5. Please send me the Japanese translation for the following words.
>
Thank you for the vocabulary list.
>
> Sincerely,
> Den
This week we learn about the second financial statement: the income
statement. The balance sheet gives us a financial picture on one day.
The income statement shows the profit or loss for a period of time.
This is the new lesson:
http://www72.homepage.villanova.edu/susan.stiner/cgu/income104.htm