This is a for a quiz for my English students. Read the text slowly please because they will have to complete a written version with keywords. Avoid background noise. If possible record an mp3 file. Thank you very much!
A Balance sheet is a statement of a company's assets, liabilities, and stockholder's equity at a given period of time, such as the end of a quarter or year. A balance sheet is a record of what a company has and how it has come to have it. A balance sheet is divided into two main sections, one that records assets and one that records liabilities and stockholder's equity. The assets should equal the liabilities and stockholder's equity because the latter two are how the company paid for its assets. Examples of items recorded as assets include accounts receivable and property, plants, and equipment. Examples of liabilities include accounts payable and long-term bonds.
Thank you very much Peter for such wonderful recording. I'm sure my students will greatly benefit from this listening exercise. This encourages me to actively collaborate in this amazing webpage.