Студопедия

КАТЕГОРИИ:

АстрономияБиологияГеографияДругие языкиДругоеИнформатикаИсторияКультураЛитератураЛогикаМатематикаМедицинаМеханикаОбразованиеОхрана трудаПедагогикаПолитикаПравоПсихологияРиторикаСоциологияСпортСтроительствоТехнологияФизикаФилософияФинансыХимияЧерчениеЭкологияЭкономикаЭлектроника


D. Discuss the following with your partner.




1) What principle is the classification of assets based on?

2) What are current assets?

3) What types of investments can be distinguished?

4) What is the difference between tangible and intangible assets?

5) What does the term “current liabilities” refer to?

6) What is included into the category of long-term liabilities?

E. Study the classified balance sheet carefully and answer the following questions.

1) What are total assets?

2) What are total liabilities?

3) What is stockholders’ equity?

Classified Balance Sheet

 

UISE ELIASON and COMPANY Balance Sheet December 31, 2XXX
ASSETS:    
Current assets:    
Cash…………………………………………………………………$  
Accounts Receivable………………………………………… 251,000  
Inventory ……………………………………………………….. 298,900  
Prepaid Expenses …………………………………………… 50,000  
Total Current Assets…………………………………………………………… $ 6000,000
Long-Term Assets:    
Land …………………………………………………………………$ $ 125,000  
Plant and Equipment........................ $1,075,000    
Less: Accumulated Depreciation………….. (283,200)    
Plant and Equipment Net……………………………… 791,800  
Total Long Term Assets………………………………………………………… 916,800
Total Assets ………………………………………………………………………………..………. $1,516,800
LIABILITIES:  
Current Liabilities:  
Accounts Payable…………………………………$ 501,000    
Short-Term Note Payable…………………………50,000    
Total Current Liabilities ………………………………… $ 551,000  
Long-Term Liabilities:    
Bonds Payable……………………………………………………… 300,000  
Total Liabilities……………………………………………………………………………………… $ 851,000
STOCKHOLDERS’ EQUITY:    
Common Stock, No Par Value,    
10,000 Shares Issued and Outstanding………………… $ 400,000  
Retained Earnings ………………………………………………………… 265,800  
Total Stockholders’ Equity ……………………………………………………………………. Total Liabilities and Stockholders’ Equity…………………………………………….... 665,800
$ 1,516,800
       

 

F. Translate the groups of derivatives:

a) account – accountant – accounting – accountancy – accountable – accountability

b) assist – assistance – assistant

c) calculate – calculated – calculation – calculator – calculating

d) earn – earner – earnings – earned

e) finance – financial – financing – financier

f) owe – owing – owing to – owed

g) own – owner – ownership – owning – owned

h) pay – payable – payee – payment – paid – unpaid

i) profit – nonprofit – not-for-profit – profitable – unprofitable – profitably – profitability – profiteer – profiteering – profitless

G. Match synonyms.

careful (accurate) to perform (duties)
controller commitments
executive to aid
obligations to supply
often to bring adequate return
operations to define
owners’ equity to reduce
plant assets to advance
sophisticated transactions
to assist administrative
to carry out frequently
to cut down fixed assets
to determine difficult
to profit chief accounting officer
to promote to launch
to provide net worth
to start proper  

H. Match antonyms.

bottom profit
decreases part-time
full-time expenses
intangible increases
long-term to exceed
loss to borrow
receivable top
revenues growth
to be salaried frequently short-term
to decline payable
to lack tangible
to lend to be paid a fee

 

 


Поделиться:

Дата добавления: 2014-11-13; просмотров: 174; Мы поможем в написании вашей работы!; Нарушение авторских прав





lektsii.com - Лекции.Ком - 2014-2025 год. (0.006 сек.) Все материалы представленные на сайте исключительно с целью ознакомления читателями и не преследуют коммерческих целей или нарушение авторских прав
Главная страница Случайная страница Контакты