lesson5
Dear Nao,
Thank you for your fifth message. My comments follow.
Sincerely, Prof. G
Dear Prof G,
Thank you for your reply and corrections of my English.
I will answer your last question.
Homework
1. What is a balance sheet?
→ The balance sheet is the investing and financing activities of a firm at a moment in time.
I have a problem with this answer, Nao. That is because "Investing and financing activities" is a phrase usually used in the American cash flow statement. The word "activities" implies something happening over a period of time. As you stated correctly, the balance sheet covers only a moment in time (one day). The balance sheet is a list on a particular day of the assets and liabilities and equity accounts that are used in or result from investing and financing activities. Those assets and liabilities also relate to operating activities, too.
2. What is stockholders' equity in the U.S.?
→ The stockholders' equity is the Shareholders' equity.
3. Name one current asset of Oracle in 2005.
→ Cash and cash equivalents.
4. What is the value of that current asset? Please write the entire value in US dollars. Write the entire value in words.
→ Cash and cash equivalents was 3,894 million US dollars. In English words this number is three billion eight hundred ninety four million US dollars.
5. Name one current liability of Nike in 2005.
→
Notes payable.
6. What is the value of that current liability? Please write the entire value in US dollars. Write the entire value in words.
→ Notes payable was 69.8 million US dollars. In English words this number is sixty nine million eight hundred thousand US dollars.
7. Please send me the Japanese translation for the words in the list below. Please write the words in romajii.
I'm waiting for your reply.
Sincerely. Nao
The new lesson this week is the second lesson on the balance sheet. We start a new company. We make a balance sheet for the new company. The new lesson is at: http://www72.homepage.villanova.edu/susan.stiner/cgu/balance206.htm