Lesson ６

Dear Yuka,
Thank you for your sixth message. My comments follow.

Dear Professor Garreis,

Thank you for your reply and corrections of my English.

I will answer your last question.

Homework

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

→The new cash value is $20,000.

In English write this number as twenty thousand dollars.

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

→The new value of the long-term assets is $70,000.

In English write this number as seventy thousand dollars.

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

→The new value of the total assets is $90,000.

In English write this number as ninety thousand dollars.

4. What is the new value of the total liabilities and stockholders' equity?

→The new value of the total liabilities and stockholders' equity are $90,000..

In English write this number as ninety thousand dollars.

5. How easy was this lesson for you?

→The accounting was about right.

The English was somewhat hard.

6. Please send me the Japanese translation for the following words.

Please write the words in romajii.

I'm waiting for your reply.

Sincerely, Yuka

The next lesson is about the second financial statement--the income statement. The lesson is at: http://www72.homepage.villanova.edu/susan.stiner/cgu/income107.htm
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