Lesson 5

Dear Taka,
Thank you for your fifth message.  My comments follow.
Sincerely,
Prof. Sue Garreis

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 presents the finances of a firm at one point in time.  The balance sheet presents the assets, liabilities and shareholders' equity.

Correct.

2. What is stockholder's equity in the U.S.?

→ stockholder's equity is shareholders'equity.

Correct. And shareholders' equity is the mathematical difference in assets and liabilities.

3. Name one current asset of Oracle in 2005.

→ Marketable securities.

Correct.

4. What is the value of that current asset? Please write the entire

value in US dollars.

Write the entire value in words.

→ Marketable securities are $908 million US dollars (nine hundred eight million US dollars).

Correct.

5. Name one current liability of Nike in 2005.

Correct.
→ 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 are $95 million US dollars (ninety-five million US dollars).

Correct.

7. Please send me the Japanese translation for the words in the list

below. Please write the words in romajii.

[vocabulary list omitted] 

Thank you for the vocabulary words.

I'm waiting for your reply.
Sincerely. Taka

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