Ag Decision Maker Activity
Ag Decision Maker Activity File C3-19, C3-20
Net Worth Statements
Name ________________________
Answer the following questions using the information found in Files C3-19 and C3-20.
1. Indicate which section of the net worth statement a corn planter would be located.
a. Current assets
b. Intermediate assets
c. Long-term assets
2. Indicate which section of the net worth statement 20,000 bushels of stored grain would be located.
a. Current assets
b. Intermediate assets
c. Long-term assets
3. Indicate which section of the net worth statement a prepayment made for spring fertilizer would be located.
a. Current assets
b. Intermediate assets
c. Long-term assets
4. Indicate which section of the net worth statement a contract on land would appear.
a. Current liabilities
b. Intermediate liabilities
c. Long-term liabilities
5. Indicate which section of the net worth statement an unpaid balance at a feed mill would appear.
a. Current liabilities
b. Intermediate liabilities
c. Long-term liabilities
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. . . and justice for all
The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Many materials can be made available in alternative formats for ADA clients. To file a complaint of discrimination, write USDA, Office of Civil Rights, Room 326-W, Whitten Building, 14th and Independence Avenue, SW, Washington, DC 20250-9410 or call 202-720-5964.
Issued in furtherance of Cooperative Extension work, Acts of May 8 and June 30, 1914, in cooperation with the U.S. Department of Agriculture. Cathann A. Kress, director, Cooperative Extension Service, Iowa State University of Science and Technology, Ames, Iowa.
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