Unit 19 – coursebook- key


Vocabulary

1)

1B 2B 3B 4A 5C 6C 7A 8B 9A 10A


2)

1 cost accounting 2 tax accounting 3 auditing 4 accounting 5 managerial/management accounting 6
creative accounting  7 bookkeeping


3)

1C 2A 3B


4)

calculate liabilities, calculate taxes, keep records, pay liabilities, pay taxes, receive income,
record expenditure, record income, record transactions, value assets, value liabilities


Reading 1

1)

1 Shareholders´ equity 2 Intangibles 3 Additional Paid-in Capital 4 Accrued expenses 5 Total
Receivables 6 Accounts Payable 7 Prepaid Expenses 8 Retained Earnings 9 Property/Plant/Equipment 10
Goodwill 11 Total Liabilities


2)

Total Assets, and Total Liabilities & Shareholders´ equity


3) $1,404.11 million (the Prepaid Expenses)


4) The capital the shareholders have paid into the company (Common Stock + Additional Paid-in
capital + Other Equity) = $14,677.24 million, which is greater than the Retained Earnings
($13,561.63 million)


5) The money Google owed at the balance sheet date was $2,302.09 million (Total Current
Liabilities), which is less than what it was owed: $2,642.19 million (Total Receivables, Net)


Reading 2

1 Interest Income Net

2 Research&Development

3 Cost of Revenue

4 Selling/General/Administrative expenses


Vocabulary – Cash flow statement – the exercise will be covered in class as a Speaking activity