Lesson 6
Dear Prof. Garreis,
=> Dear Emily,
Thank you for your sixth message. My comments follow.
I have searched some information about the Hope Diamond, It seems that the
Hope Diamond always bring misfortunes to the owners unless it was showed to
the public.
=>Yes! The Hope Diamond has not
always been lucky for the individual owners. I felt lucky to see it in a
museum, though.
And about tornadoes, I have never been in a tornado. But, in fact, I went
through this big earthquake happened at March 11th, 2011. My friend and I
were at the ninth floor when it happened. As we felt the building is
swaying, we decided to run down stairs. When I got out of the building,
standing on the ground, I could finally breathe again. But, at the same
time, I could clearly feel the ground is shaking. It continued for a longer
time than usual. And later, I see the clouds are getting weird, the sky was
separated by the clouds, one side is bright, and the other is dark. Although
there is no collapsed house in Abiko after this big earthquake, and it is
not that serious like the areas where got both earthquake and tsunamis, it
is the worst weather I have ever been.
=>What an incredible, scary experience you had! I am glad that you survived unhurt. I hope your family made it through ok, too. We were horrified at what we saw on TV. Recovery will take a very long time. You have a very strong character. You will overcome the adversity of the situation.
In the last reply, I didn’t
find the homework in the e-mail. Would you
send the homework to me next time?
=>Sumi massen! I am so sorry I forgot to attach the file. Last week's lesson is "balance211.docx." It is attached.
This week's lesson is the first of two on the Income Statement. It is "income111" and is also attached.
Homework:
Suppose that Beach Toys, Inc. bought the land for $10,000 (not $8,000).
Suppose also that they bought the building for $60,000 (not $50,000).
Assume that they bought both assets with cash.
Make a new balance sheet or transaction worksheet.
Then answer these questions
1. What is the new cash value on the balance sheet?
-The new cash value on the balance sheet is $20,000.
=>Correct.
2. What is the new value of the long-term assets?
-The new value of the long-term assets is $70,000.
=>Correct.
3. What is the new value of the total assets?
-The new value of the total assets is $90,000.
=>Correct.
4. What is the new value of the total liabilities and
stockholders'
equity?
-The new value of the total liabilities and stockholders’ equity is
$90,000.
=>Correct.
5. How easy was this lesson for you?
-The accounting was about right
The English was about right
6.
Vocabulary
=>Thank you for the vocabulary list.
Sincerely,
Emily