1 Match words that have a similar meaning:

current assets output change remain produce long-term liabilities current liabilities fixed assets own expenses

expenditure possess alter production short-term liabilities deferred liabilities manufacture stay capital assets circulating assets

2 Match the words and phrases in the box with the correct definition:

1) the money that a business spends in order to produce goods or services; 2) the quantity of goods produced; 3) the money spent to run a business, such as rents, salaries, heating, etc. 4) items of value to a person, business, or institution; 5) money owed by company; a debt; 6) money that is owed to a business; 7) a sum of money paid into a bank; 8) an amount of money spent; 9) debts that are payable on demand or within one year;

10) money owed that does not have to be repaid until some future date; 11) the cost of materials, labour, etc. involved in making a product.

3 Choose the correct word from the box to complete the gaps. Translate the sentences into Ukrainian.

assets, generate, due, liabilities, expenditure, fixed costs, current liabilities, debts, output, costs, expenses

1 We had to increase prices this year just to cover our .... 2 Factory workers have increased ... by 10 %. 3 It took him years to pay off all his .... 4 ... are bills that the company expects to pay in the near future. 5 ... include rent. 6. Updating these machines will increase our ... this year. 7 The company does not have enough money to meet its .... 8 He is ... to pay his debts. 9 The assets help ... the income of the company. 10 The company was forced to sell off its .... 11 Telephone bills, payroll, and rent are some of our monthly...

4 Ask as many questions to the following text about assets as you can. Translate the text into Ukrainian.

Current assets are cash and other assets that can be quickly converted into cash or that will be used within one year. Cash is the most liquid asset, so it is listed first. Following that are stocks, bonds, and so on – that can be converted into cash in a matter of days. Next are the firm's receivables.

Fixed assets are assets that will be held or used for a period longer than one year. They generally include land, buildings, and equipment.

Intangible assets are assets that do not exist physically but that have a value based on legal rights or advantages that they confer on a firm. They include patents, copyrights, and trademarks. They are of value to the firm for a number of years.