Question
Choose a U.S.-based company(Nike, Inc) which has subsidiaries in foreign countries. Access Nike, Inc most recent Form 10-K. Instructions: Answer Questions and formulate a report
Choose a U.S.-based company(Nike, Inc) which has subsidiaries in foreign countries. Access Nike, Inc most recent Form 10-K. Instructions: Answer Questions and formulate a report based on the following requirements:
3.Based on the three most recent comprehensive income statements, what is the amount of translation adjustment reported in each year if there are any? What is the meaning of the negative or positive sign of the translation adjustment in each year?
https://s1.q4cdn.com/806093406/files/doc_financials/2020/ar/NKE-FY20-10K.pdf
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
