Brief Exercise 9-11

Your answer is partially correct.Try again.Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $954.1; land $224.5; patents and trademarks (at cost) $549.9; machinery and equipment $2,055.4; buildings $939; goodwill (at cost) $205.0; accumulated amortization $55.6; and accumulated depreciation $2,130.

Prepar a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

NIKE, INC.

Partial Balance Sheet

As of May 31, 2014

(in millions)

Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity

EAT_1344577825759_0_25310096622851985_009

Machinery and EquipmentBuildingsOther Plant AssetsPatents and TrademarksLandAccumulated AmortizationAccumulated DepreciationGoodwill

EAT_1344577825759_0_25310096622851985_025

$224.5

Accumulated DepreciationLandAccumulated AmortizationBuildingsMachinery and EquipmentGoodwillOther Plant AssetsPatents and Trademarks

EAT_1344577825759_0_25310096622851985_037

$939

LandBuildingsPatents and TrademarksAccumulated AmortizationMachinery and EquipmentOther Plant AssetsAccumulated DepreciationGoodwill

EAT_1344577825759_0_25310096622851985_049

2055.4

BuildingsLandPatents and TrademarksMachinery and EquipmentAccumulated AmortizationAccumulated DepreciationOther Plant AssetsGoodwill

EAT_1344577825759_0_25310096622851985_061

954.1

AddLess

EAT_1344577825759_0_25310096622851985_070

:LandMachinery and EquipmentGoodwillPatents and TrademarksAccumulated AmortizationBuildingsOther Plant AssetsAccumulated Depreciation

EAT_1344577825759_0_25310096622851985_076

Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity

EAT_1344577825759_0_25310096622851985_104

Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity

EAT_1344577825759_0_25310096622851985_113

Patents and TrademarksLandBuildingsOther Plant AssetsAccumulated AmortizationMachinery and EquipmentGoodwillAccumulated Depreciation

EAT_1344577825759_0_25310096622851985_138

205.0

GoodwillMachinery and EquipmentLandOther Plant AssetsBuildingsAccumulated DepreciationPatents and TrademarksAccumulated Amortization

EAT_1344577825759_0_25310096622851985_150

$549.9

AddLess

EAT_1344577825759_0_25310096622851985_156

:Accumulated AmortizationGoodwillLandAccumulated DepreciationPatents and TrademarksBuildingsOther Plant AssetsMachinery and Equipment

EAT_1344577825759_0_25310096622851985_165

Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity

EAT_1344577825759_0_25310096622851985_185