КАТЕГОРИИ:
АстрономияБиологияГеографияДругие языкиДругоеИнформатикаИсторияКультураЛитератураЛогикаМатематикаМедицинаМеханикаОбразованиеОхрана трудаПедагогикаПолитикаПравоПсихологияРиторикаСоциологияСпортСтроительствоТехнологияФизикаФилософияФинансыХимияЧерчениеЭкологияЭкономикаЭлектроника
Comprehension. 1. Are the following statements true or false?
1. Are the following statements true or false?
1. The totals of both halves of the balance sheet are not always the same.
2. British and American balance sheets show the same information, but arranged differently.
3. The assets total is always the same as the liabilities total.
4. Liabilities are things owned by the company.
5. Liabilities include loans, taxes, future pension payments, and bills from suppliers.
6. A balance sheet shows how much money a company has spent or received during a year.
7. Shareholders' equity consists of all the money belonging to shareholders.
8. The balance sheet gives information on how much money the company has received from sales of shares.
Vocabulary
Match the words from column A with the words from column B to make a phrase.
| A | B |
| 1) to grant | a) liabilities |
| 2) to pay | b) earnings |
| 3) to owe | c) credit |
| 4) to retain | d) benefits |
| 5) to distribute | e) annual balance sheets |
| 6) to publish | f) to shareholders |
| 7) to bring | g) money |
| 8) to belong | h) profits |
Study the balance sheet sample.
Balance Sheet – Sample Corp. FY 2007, 2008
12/31/2008 12/31/2007 12/31/2008 21/31/2007
| ASSETS | LIABILITIES and OWNERS’ EQUITY | ||||
| Current Assets | Current Liabilities | ||||
| Cash | $45,000 | $40,000 | Long-Term Debt – 1 Yr. | $12,000 | $11,000 |
| Marketable Securities | $65,000 | $60,000 | Notes Payable | $15,000 | $14,000 |
| Accounts Receivable | $85,000 | $70,000 | Accounts Payable | $13,000 | $12,000 |
| Notes Receivable | $45,000 | $40,000 | Taxes Payable | $11,000 | $10,000 |
| Inventories | $85,000 | $80,000 | Accrued Expenses | $21,000 | $20,000 |
| Total Current Assets | $325,000 | $290,000 | Other Current Liabilities | $10,000 | $9,000 |
| Total Current Liabilities | $82,000 | $76,000 | |||
| Long-Term Assets | Long-Term Liabilities | ||||
| Land | $85,000 | $80,000 | Notes Payable | $30,000 | $27,000 |
| Buildings | $100,000 | $90,000 | Bonds Payable | $60,000 | $52,000 |
| Machinery | $30,000 | $25,000 | Total Long-Term Liabilities | $90,000 | $79,000 |
| Accumulated Depreciation | ($4,000) | ($3,500) | Other Liabilities | ||
| Net tangible Assets | $211,000 | $191,000 | Pension Obligations | $30,000 | $30,000 |
| Deferred Taxes | $30,000 | $30,000 | |||
| Intangible Assets | Minority Interest | $30,000 | $30,000 | ||
| Goodwill | $15,000 | $5,000 | Total Other Liabilities | $30,000 | $30,000 |
| Patents | $20,000 | $19,000 | Total Liabilities | $30,000 | $30,000 |
| Trademarks | $15,000 | $13,400 | Owners’ Equity | ||
| Organizational Costs | $24,000 | $22,900 | Preferred Stock | $60,000 | $50,000 |
| Total Intangibles | $74,500 | $60,300 | Common Equity | ||
| Common Stock | $97,500 | $89,000 | |||
| Other Assets | Capital Surplus | $111,000 | $99,000 | ||
| Investments | $25,000 | $23,000 | Retained Earnings | $120,000 | $105,800 |
| Deferred Charges | $50,000 | $45,000 | Treasury Stock | $50,000 | $45,000 |
| Total Other assets | $75,000 | $68,000 | Total Common Equity | $278,500 | $248,800 |
| Total Long-Term Assets | $360,500 | $319,800 | Total Owners’ Equity | $338,500 | $298,800 |
| Total Assets | $685,500 | $609,800 | Total Current Liabilities and Owners’ Equity | $685,500 | $609,800 |
Find the English equivalents.
Текущие активы, оборотный капитал; нематериальные активы; счета к получению; счета к оплате; долгосрочные обязательства; нераспределенная прибыль; собственный капитал; векселя к оплате; отсроченные налоговые платежи; дополнительно привлечённый капитал.
Complete the crossword.
Across
1. An accounting statement of a firm’s assets and liabilities.
4. The value of a company’s shares; the value of a property after all charges and debts have been paid.
5. Money that is owed.
7. Documents providing that somebody is the owner of shares.
11. Money in the form of coins or notes.
Down
2. Any item of economic value owned by an individual or corporation, especially that which could be converted to cash.
3. Items of value which are not easily changed into cash but which the business needs.
6. Any investments, cheques, bank deposits, stock that can easily be converted into cash.
8. Wealth or property that is owned by a business or a person.
9. The profit that a company makes.
10. An amount of the profits that a company pays to people who owns shares in the company.
Дата добавления: 2014-11-13; просмотров: 202; Мы поможем в написании вашей работы!; Нарушение авторских прав |