Question
Can anyone tell me why this is wrong? SupposeNike, Inc.reported the following plant assets and intangible assets for the year ended May 31, 2014 (in
Can anyone tell me why this is wrong?
SupposeNike, Inc.reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $933.4; land $233.4; patents and trademarks (at cost) $548.9; machinery and equipment $2,126.8; buildings $919; goodwill (at cost) $194.4; accumulated amortization $43.8; and accumulated depreciation $2,393.
Prepare 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)
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