Identification
What is branding?
What is tattooing?
Debts due this year.
What is current liabilities?
Total assets minus total liabilities.
What is net worth?
Uses special pliers to attach plastic pieces with numbers on them.
What is ear tagging?
The original use was to show ownership NOT individual animal identification numbers.
What is branding?
Money or services that a person owes.
What is debts or liabilities?
Formula for total assets.
What is current assets plus non-current assets?
Uses a special tool to put inked numbers in ears, lips, or other locations
What is tattooing?
Made of plastic or metal.
What is an ear tag?
An itemized list of things owned in a business.
What is inventory?
Formula for total liabilities.
What is current liabilities plus non current liabilities?
Uses a special notching tool to cut a little "v" notches on animal's ears
What is ear notching?
Notches in a pigs right ear.
What is litter number?
Loss in value of machinery or buildings due to age, use, or change in market demands.
What is depreciation?
Swine farm has total assets of $250,000 and total liabilities of $150,000, what is their net worth.
What is $100,000?
The four animal identification systems.
What is branding, ear tagging, tattooing, & ear notching?
Notches in a pigs left ear.
What is individual number?
What is an asset?
If net worth shoes that a business has 5,000 cash, 20,000 in a checking account, and land valued at 600,000 what amount should be on the total assets line.
What is $625,000?