Lesson5

Dear Professor Garreis,

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 financing activity and investment activity of a firm of a point in time.

2.      What is stockholders' equity in the U.S.?

→  The stockholders' equity is shreholders' equity.

3.      Name one current asset of Oracle in 2005.

→  Prepaid expenses and other current assets.

4.  What is the value of that current asset?  Please write the entire value in US dollars.  Write the entire value in words.

→  Prepaid expenses and other current assets was 291 million US dollars.

Prepaid expenses and other current assets were two hundred ninety one million US dollars.

5. Name one current liability of Nike in 2005.

→  Income taxes payable.

6.  What is the value of that current liability?  Please write the entire value in US dollars.  Write the entire value in words.

→  Income taxes payable was 95.0 million US dollars.

Income taxes payable were ninety-five million 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, Masa