Of the leading car producers such as Mercedes, Lincoln, BMW, Toyota, etc. are known all over the world

8. The … is shown as an asset on the balance sheet.

Exercise II. Выберите подходящее по смыслу слово из предлагаемых в скобках вариантов.

1. Knowing the company’s (stocks/goodwill) value, creditors are ready to invest more money as they expect high (investment interest/salaries) at the end of the year.

2. Both farm equipment and farm buildings make up (short-term/long-term) (intangible/tangible) assets in agrobusiness.

3. (Accountants/Stockholders) prepare reports in financial (items/terms) describing the results of past resources allocation decisions.

4. Any company is responsible for paying salaries of (employers/employees) and (wages/salaries) of workers belonging to company current (liabilities/assets) regularly, usually monthly or weekly.

5. The amount of goods and services known as company (stock-in-trade/real estate) is available for sale at a given time and it is is shown as an asset on the (accounts receivable/balance sheet).

6. (To calculate/To operate) properly the company’s manager should rely on information obtained from public survey.

7. The greater is the difference between total assets and total liabilities, the greater is the company’s (net loss/net worth) often known as the (equity/debt) for a corporation.

8. The fundamental accounting (equation/equilibrium) can be written in different forms, for example: assets-liabilities = equity.

9. The company’s obligations are known to be classified as current and noncurrent ones, the former being also called (long-term/short-term) (liabilities/assets).

10. One should take into account that (accounts payable/goodwill) unlike the real estate belongs to intangible assets, but it can be sold like any other property.