F. Test your ability to assign specific assets to various categories

Here are 28 specific assets: traveler’s checks, tables, truck, typewriter, calculator, computers, lamp, pencils, typing paper, chairs, stationery, wrapping paper, automobiles, coins, money in bank, desk blotters, light bulbs, desk, correction fluid, currency, staplers, showcases, folders, disk, removable cartridge, facsimile, and computer disks.

Place each of these assets under the appropriate specific asset category heading in the following form:

Cash	Furniture and Fixtures	Delivery equipment	Office equipment	Office supplies

1. What is the difference between office supplies and office equipment?

2. Why is a removable cartridge considered an office supply, even though it is an integral part of the computer?

3. What type of asset (short-life or long-life) is a supply?

4. What type of asset (short-life or long-life) is a typewriter?

5. What type of asset (short-life or long life) is a computer disk? Why?

g. Place each of these 16 assets in the appropriate column of the following form:

Cash in bank, office equipment, First National City bonds, patents, accounts receivables, office supplies, notes receivables (due in 90 days), building, office machines, furniture and fixtures, mortgage notes receivables (due in 6 years), store equipment, petty cash, goodwill, factory supplies, and merchandise.

Current Asset	Investment	Intangible Asset	Plant asset

h. Consider the part of the consolidated balance sheet given below. Match the English word combinations in the left-hand column with the Russian equivalents in the right-hand column:

CONSOLIDATED BALANCE SHEET (in thousands of dollars)

1.	ASSETS	a.	Общая стоимость имущества (всего активов)
2.	Current assets	b.	Сумма (итог)
3.	Cash	c.	АКТИВЫ
4.	Marketable securities, at cost, which approximates market	d.	Машинное или станочное оборудование, транспортные средства и принадлежности
5.	Trade receivables	e.	Земельная собственность
6.	Other receivables	f.	Нематериальные и прочие активы
7.	Inventories	g.	За вычетом накопленного износа
8.	Prepaid expenses	h.	Здания и благоустройство
9.	Total current assets	i.	Инвестиции и прочие активы
10.	Property, plant and equipment	j.	Общая стоимость (сумма) нематериальных и прочих активов
11.	Land	k.	Денежные средства
12.	Buildings and improvements	l.	Недвижимость и оборудование (имущество, станки и оборудование)
13.	Cable systems	m.	Оборотные активы, оборотные средства
14.	Machinery, equipment and fixtures	n.	Торговая дебиторская задолженность, торговые счета дебиторов
15.	Construction in progress (uncompleted construction, construction-in-progress)	o.	Нетто-недвижимость и оборудование (чистое имущество, станки и оборудование)
16.	Total	p.	Запасы (резервы)
17.	Less accumulated depreciation	q.	Прочая дебиторская задолженность (прочие счета дебиторов)
18.	Net property, plant and equipment	r.	Превышение первоначальной стоимости над стоимостью приобретенных активов
19.	Intangible and other assets	s.	Связь (системы телекоммуникаций)
20.	Excess of acquisition cost over the value of assets acquired	t.	Обращающиеся на рынке ценные бумаги по стоимости, приближенной к рыночной
21.	Investments and other assets	u.	Незавершенное строительство
22.	Total intangible and other assets	v.	Авансовые выплаты (авансированные средства)
23.	Total assets	w.	Общая стоимость оборотных активов (сумма оборотных активов)

I. Consider the other parts of the CONSOLIDATED BALANCE SHEET given below. Match the English word combinations in the left-hand column with the Russian equivalents in the right-hand column.