Dear Ken,

Thank you for your sixth message.  My comments follow.

Sincerely,

Prof. Sue Stiner

 

Kenichi Ooami wrote:

> 

>

> Dear Prof.stiner,

>

> Thank you for your reply!

 

On Saturday, I went to a graduation party for my cousin's son. He

graduated from a college in New Jersey.  This is the official New Jersey

web site:

 

My cousin has two sisters and three brothers.  One sister came from

California.  One brother came from New York City.  One brother came from

Ontario, Canada.  They brought their spouses and some of the children.

Friends of the graduate came to the party.  Friends of my cousin also

came to the party.  Five cousins came to the party, including me.  The

cousins brought spouses and children.  It was a big party!

 

We ate under a tent in their yard.  We ate hamburgers, hot dogs, fruit,

salads and cake.  It was all delicious!  I went for a motor cycle ride

with the husband of one of my cousins.  That was my first motorcycle

ride.  I liked it!  The motorcycle was a Harley-Davidson.  This is the

company's USA web site:

There are some Harley dealers in Japan, too.

 

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 ToysInc

>

> Balance sheet

>

> January 102004

>

>

> ASSETS                    LIABILITIES            

>

> Current Assets

>

> Cash      $20,000

>

> Longterm assets

>

> Land       10,000

>

> Building     60,000                   STOCKHOLDERS' EQUITY

>

> Total Longterm Assets     70,000   Common stock9,000Shares, 

> $10par     90,000

>

> TOTAL ASSETS           $90,000     TOTAL LIABILITIES 

>

> ANDSTOCKHOLDERS'EQUITY    $90,000

>

>

> 1 What is the new cash value on the balance sheet?

> The cash is $20,000

 

Correct!

>

> 2 What is the new value of the long-term assets?

> The long-term assets is $70,000.

 

Correct!

>

> 3 What is the new value of the total assets?

> The total assets is $90,000.

 

Correct!

>

> 4 What is the new value of the total liabilities and stockholders'

> equity?

> The total liabilities and stockholdersequity is  $90,000

 

Correct!

>

> 5 Please send me the Japanese translation for the following

> words.         Please write the words in romajii.

>

>

> Vocabulary

>

Thank you for the vocabulary list.

 

 

>

> Sincerely,

Ø       Ken

 

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