Question
On a financial statement, the term Cash and equivalents or Cash and cash equivalents includes more than just cash on hand. Checking accounts, savings accounts,
On a financial statement, the term Cash and equivalents or Cash and cash equivalents includes more than just cash on hand. Checking accounts, savings accounts, and even some very short-term investments are also included in this total. Nikes financial statement in Appendix B on page B-7 shows the total cash and equivalents for Nike for each year.
Published financial statements include notes that explain some of the titles and amounts used in the statements. Note 1 for Nikes financial statements begins on page B-9.
Instructions
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List the amount of Nikes cash and equivalents for 2016 and 2015.
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Look at Note 1 and list what Nike considers to be cash and equivalents.
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