Question
Determine the total dollar amount for each classification; asset, liability, stockholder's equity. Suppose the following items were taken from the balance sheet of Nike, Inc.
Determine the total dollar amount for each classification; asset, liability, stockholder's equity.
Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) 1. Cash $2,400.0 7. Inventory $2,400.0 2. Accounts receivable 2,700.0 8. Income taxes payable 90.0 3. Common stock 2,930.0 9. Equipment 1,800.0 4. Notes payable 310.0 10. Retained earnings 5,715.0 5. Buildings 4,000.0 14 11. Accounts payable 3,255.0 6. Mortgage payable 1,000.0
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Financial Accounting Tools for Business Decision Making
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9781118560952, 1118560957, 978-0470239803
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