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Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) 1. Cash 7. $2,143.6 2. 8. 70.1

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Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) 1. Cash 7. $2,143.6 2. 8. 70.1 3. $2,235.1 2,521.0 2,830.9 281.0 3,765.9 9. Accounts receivable Common stock Notes payable Buildings Mortgage payable Inventory Income taxes payable Equipment Retained earnings Accounts payable 4. 5. 6. 10. 1,620.6 5.458.7 2,430.8 11. 1,214.7 Perform each of the following. Classify each of these items as an asset, liability, or stockholders' equity, and determine the total dollar amount for each classification (Enter amounts in millions up to 1 decimal place, eg. 45.5 million.) v Cash Accounts receivable Common stock Notes payable Buildings Mortgage payable Classify each of these items as an asset, liability or stockholders' equity, and determine the total dollar amount for each classification. (Enter amounts in millions up to 1 decimal place, eg. 45.5 million.) V Cash Accounts receivable V Common stock v Notes payable v Buildings Mortgage payable Inventory Income taxes payable Equipment Retained earnings Accounts payable Assets $ Liability $ Accounts payable Assets $ Liability $ Stockholders' equity $ e Textbook and Media Determine Nike's accounting equation by calculating the value of total assets, total liabilities, and total stockholders' equity. (Enter amounts in millions up to 1 decimal place, e g. 45.5 million) + Total liabilities Total assets Total stockholders' equity $ $ $

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