Question
Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant assets $939.0, land
SupposeNike, Inc.reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant assets $939.0, land $240.0, patents and trademarks (at cost) $530.0, machinery and equipment $2,200.0, buildings $900.0, goodwill (at cost) $220.0, accumulated amortization $46.0, and accumulated depreciation $2,280.
complete a partial balance sheet for Nike for these items.(List Property, Plant and Equipment in order of Land, Buildings and Machinery and Equipment.)
NIKE, INC.
Partial Balance Sheet
As of May 31, 2022
(in millions)
select an opening name for subsection one
Current Assets
Current Liabilities
Intangible Assets
Long-term Investments
Long-term Liabilities
Property, Plant and Equipment
Stockholders' Equity
Total Assets
Total Current Assets
Total Current Liabilities
Total Intangible Assets
Total Liabilities
Total Liabilities and Stockholders' Equity
Total Long-term Investments
Total Long-term Liabilities
Total Property, Plant and Equipment
Total Stockholders' Equity
select a balance sheet item
Land
Buildings
Machinery and Equipment
Other Plant Assets
Accumulated Depreciation
Goodwill
Patents and Trademarks
Accumulated Amortization
$
enter a dollar amount
select a balance sheet item
Land
Buildings
Machinery and Equipment
Other Plant Assets
Accumulated Depreciation
Goodwill
Patents and Trademarks
Accumulated Amortization
$
enter a dollar amount
select a balance sheet item
Land
Buildings
Machinery and Equipment
Other Plant Assets
Accumulated Depreciation
Goodwill
Patents and Trademarks
Accumulated Amortization
enter a dollar amount
select a balance sheet item
Land
Buildings
Machinery and Equipment
Other Plant Assets
Accumulated Depreciation
Goodwill
Patents and Trademarks
Accumulated Amortization
enter a dollar amount
select between addition and deduction
Add
Less
:
select a balance sheet item
Land
Buildings
Machinery and Equipment
Other Plant Assets
Accumulated Depreciation
Goodwill
Patents and Trademarks
Accumulated Amortization
enter a dollar amount
enter a subtotal of the four previous amounts
select a closing name for subsection one
Current Assets
Current Liabilities
Expenses
Intangible Assets
Long-term Investments
Long-term Liabilities
Net Income / (Loss)
Property, Plant and Equipment
Revenues
Stockholders' Equity
Total Assets
Total Current Assets
Total Current Liabilities
Total Expenses
Total Intangible Assets
Total Liabilities
Total Liabilities and Stockholders' Equity
Total Long-term Investments
Total Long-term Liabilities
Total Property, Plant and Equipment
Total Revenues
Total Stockholders' Equity
enter a total amount for subsection one
select an opening name for subsection two
Current Assets
Current Liabilities
Expenses
Intangible Assets
Long-term Investments
Long-term Liabilities
Net Income / (Loss)
Property, Plant and Equipment
Revenues
Stockholders' Equity
Total Assets
Total Current Assets
Total Current Liabilities
Total Expenses
Total Intangible Assets
Total Liabilities
Total Liabilities and Stockholders' Equity
Total Long-term Investments
Total Long-term Liabilities
Total Property, Plant and Equipment
Total Revenues
Total Stockholders' Equity
select a balance sheet item
Land
Buildings
Machinery and Equipment
Other Plant Assets
Accumulated Depreciation
Goodwill
Patents and Trademarks
Accumulated Amortization
enter a dollar amount
select a balance sheet item
Land
Buildings
Machinery and Equipment
Other Plant Assets
Accumulated Depreciation
Goodwill
Patents and Trademarks
Accumulated Amortization
$
enter a dollar amount
select between addition and deduction
Add
Less
:
select a balance sheet item
Land
Buildings
Machinery and Equipment
Other Plant Assets
Accumulated Depreciation
Goodwill
Patents and Trademarks
Accumulated Amortization
enter a dollar amount
enter a subtotal of the two previous amounts
select a closing name for subsection two
Current Assets
Current Liabilities
Intangible Assets
Long-term Investments
Long-term Liabilities
Property, Plant and Equipment
Stockholders' Equity
Total Assets
Total Current Assets
Total Current Liabilities
Total Intangible Assets
Total Liabilities
Total Liabilities and Stockholders' Equity
Total Long-term Investments
Total Long-term Liabilities
Total Property, Plant and Equipment
Total Stockholders' Equity
enter a total amount for subsection two
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
8th Edition
1119791057, 978-1119791058
