Chapter16会计英语.ppt

Outline of Chapter 16 Introduction to Financial Statements The Balance Sheet The Income Statement The Cash Flow Statement 16.1 Introduction to Financial Statements * * Chapter 16 Preparing and Using the Financial Statements 16.1.1 Classified Financial Statements National Corporation Balance Sheet December 31, 200X $2,250,000 Total assets 200,000 Intangible assets 1,000 ,000 Land 600,000 Property, plant and equipment 100,000 Long-term investments $350,000 Total current assets 100,000 Inventory 110,000 Accounts receivable 85, 000 Marketable securities $55,000 Cash Current assets: Assets $2,250,000 Total liabilities owners’ equity $1,689,000 Total owners’ equity 195,000 Retained earnings 140,000 Additional paid-in capital $1,354,000 Capital stock Owners’ equity: $561,000 Total liabilities $440,000 Total long-term liabilities 400,000 Bonds payable 40,000 Notes payable Long-term liabilities: $121,000 Total current liabilities 76,000 Accounts payable $45,000 Notes payable Current liabilities: Liabilities: Liabilities Owner’s Equity National Corporation Income Statement For the year ended December 31, 200X Revenue and gains: Net sales $ 900,000 Dividends revenue 3,000 Interest revenue 6,000 Gain on sales of plant assets 31,000 Total revenue and gains $ 940,000 Costs, expense, and losses: Cost of good sold $ 500,000 Operating expenses 300,000 Interest expense