Dear Michi,

Thank you for your fifth message.  My comments follow.

Sincerely,

Prof. Sue Garreis

 

《 Homework 》

1.  What is a balance sheet?

　　→　The balance sheet is one of the financial statements.
　　　The Balance Sheet consists of three sections:  assets, liabilities and equity.
　　　This financial statement shows the financial position of the company.

Correct!

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

　　→　Stockholders' equity has dividend and earned surpluses.

Correct.  However, these days in the US, earned surplus is called "retained earnings."

　　→　American Stockholders' Equity does not have a legal reserve.

Correct.

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.

Correct!

5. Name one current liability of Nike in 2005.

　　→　Deferred income taxes

Correct!

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

　　→　Deferred income taxes are ＄1,102,000 in U.S. dollars.

Correct!

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

 Vocabulary

 [English]               [Japanese]
 
Thank you for the list of vocabulary words.

 

I'm waiting for your reply.

Sincerely, yours

Michi


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