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 Toys，Inc．
>
> Balance sheet
>
> January 10，2004
>
>
> ASSETS LIABILITIES
>
> 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,
> $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 stockholders’equity 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