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Nike, Incorporated, with headquarters in Beaverton, Oregon, is one of the worlds leading manufacturers of athletic shoes and sports apparel. The following activities occurred during
Nike, Incorporated, with headquarters in Beaverton, Oregon, is one of the worlds leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions, except for par value. Purchased additional buildings for $188 and equipment for $260; paid $408 in cash and signed a long-term note for the rest. Issued 100 shares of $2 par value common stock for $340 cash. Declared $145 in dividends to be paid in the following year. Purchased additional short-term investments for $7,716 cash. Several Nike investors sold their own stock to other investors on the stock exchange for $88. Sold $4,213 in short-term investments for $4,213 in cash. Borrowed $6,114 from a bank
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