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Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) 1. Cash $2,377.9 7. $2,266.0 2. Accounts

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Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) 1. Cash $2,377.9 7. $2,266.0 2. Accounts receivable 2.765.8 8. 70.1 3. Common stock 2,871.7 9. Inventory Income taxes payable Equipment Retained earnings Accounts payable 1,834.8 4. Notes payable 250.4 10. 5,693.3 5. Buildings 3,623.1 11. 2.777.6 6. Mortgage payable 1,204.5 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.) Cash Accounts receivable 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, 63. 45.5 million) Cash Accounts receivable Common stock Notes payable Buildings Mortgage payable Inventory Income taxes payable Equipment Retained earnings Accounts payable Assets $ Liability Stockholders equity $ Determine Nike's accounting equation by calculating the value of total assets total abilities, and total stockholders equity (Enter amounts in millions up to I decimal place 45.5 million) Total assets Total abilities - Total stockholders equity

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