Brief Exercise 9-11Suppose Nike, Inc. reported the following plant ass


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Brief Exercise 9-11
Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $954.1; land $224.5; patents and trademarks (at cost) $549.9; machinery and equipment $2

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Brief Exercise 9-11
Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $954.1; land $224.5; patents and trademarks (at cost) $549.9; machinery and equipment $2,055.4; buildings $939; goodwill (at cost) $205.0; accumulated amortization $55.6; and accumulated depreciation $2,130. Prepar a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.) NIKE, INC. Partial Balance Sheet As of May 31, 2014 (in millions) Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity Machinery and Equipment Buildings Other Plant Assets Patents and Trademarks Land Accumulated Amortization Accumulated Depreciation Goodwill $ Accumulated Depreciation Land Accumulated Amortization Buildings Machinery and Equipment Goodwill Other Plant Assets Patents and Trademarks $ Land Buildings Patents and Trademarks Accumulated Amortization Machinery and Equipment Other Plant Assets Accumulated Depreciation Goodwill Buildings Land Patents and Trademarks Machinery and Equipment Accumulated Amortization Accumulated Depreciation Other Plant Assets Goodwill Add Less : LandMachinery and EquipmentGoodwillPatents and TrademarksAccumulated AmortizationBuildingsOther Plant AssetsAccumulated Depreciation 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 Current AssetsCurrent LiabilitiesExpensesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentRevenuesStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal ExpensesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal RevenuesTotal Stockholders' Equity Patents and Trademarks Land Buildings Other Plant Assets Accumulated Amortization Machinery and Equipment Goodwill Accumulated Depreciation Goodwill Machinery and Equipment Land Other Plant Assets Buildings Accumulated Depreciation Patents and Trademarks Accumulated Amortization $ Add Less : Accumulated AmortizationGoodwillLandAccumulated DepreciationPatents and TrademarksBuildingsOther Plant AssetsMachinery and Equipment 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 Warning Don't show me this message again for the assignment Ok Cancel

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