1. Know how to complete the circle chart that was completed on the whiteboard.

2. Vocabulary:
-inventory
-asset
-liability
-market value
-book value
-solvency
-debts
-book value
-market value
-FFSC
-interest-expense ratio
-net farm income from operations ration
-liquidity ratio

3. Another name for net worth and net worth statement.

4. What does a balance sheet show you?

5. Examples of the different assets and liabilities and their life span. (financial assets, personal assets, capital assets, current, intermediate, fixed)

6. Equation for net worth. Know how to figure assets and/or liabilities knowing assets and/or liabilities and net worth.

7. On the quiz you will be asked to fill out an example balance sheet and find the net worth. There will also be several examples where I list items, you must then classify them as current/noncurrent asset or current/noncurrent asset to find the net worth.

8. When/how often a balance sheet is normally produced?

1. Know how to complete the circle chart that was completed on the whiteboard.

2. Vocabulary:
-inventory
-asset
-liability
-market value
-book value
-solvency
-debts
-book value
-market value
-FFSC
-interest-expense ratio
-net farm income from operations ration
-liquidity ratio

3. Another name for net worth and net worth statement.

4. What does a balance sheet show you?

5. Examples of the different assets and liabilities and their life span. (financial assets, personal assets, capital assets, current, intermediate, fixed)

6. Equation for net worth. Know how to figure assets and/or liabilities knowing assets and/or liabilities and net worth.

7. On the quiz you will be asked to fill out an example balance sheet and find the net worth. There will also be several examples where I list items, you must then classify them as current/noncurrent asset or current/noncurrent asset to find the net worth.

8. When/how often a balance sheet is normally produced?

1. Know how to complete the circle chart that was completed on the whiteboard.

2. Vocabulary:
-inventory
-asset
-liability
-market value
-book value
-solvency
-debts
-book value
-market value
-FFSC
-interest-expense ratio
-net farm income from operations ration
-liquidity ratio

3. Another name for net worth and net worth statement.

4. What does a balance sheet show you?

5. Examples of the different assets and liabilities and their life span. (financial assets, personal assets, capital assets, current, intermediate, fixed)

6. Equation for net worth. Know how to figure assets and/or liabilities knowing assets and/or liabilities and net worth.

7. On the quiz you will be asked to fill out an example balance sheet and find the net worth. There will also be several examples where I list items, you must then classify them as current/noncurrent asset or current/noncurrent asset to find the net worth.

8. When/how often a balance sheet is normally produced?

1. Know how to complete the circle chart that was completed on the whiteboard.

2. Vocabulary:
-inventory
-asset
-liability
-market value
-book value
-solvency
-debts
-book value
-market value
-FFSC
-interest-expense ratio
-net farm income from operations ration
-liquidity ratio

3. Another name for net worth and net worth statement.

4. What does a balance sheet show you?

5. Examples of the different assets and liabilities and their life span. (financial assets, personal assets, capital assets, current, intermediate, fixed)

6. Equation for net worth. Know how to figure assets and/or liabilities knowing assets and/or liabilities and net worth.

7. On the quiz you will be asked to fill out an example balance sheet and find the net worth. There will also be several examples where I list items, you must then classify them as current/noncurrent asset or current/noncurrent asset to find the net worth.

8. When/how often a balance sheet is