Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant assets $900.0, land $240.0, patents and trademarks (at cost) $510.0, machinery and equipment $2,100.0, buildings $930.0, goodwill (at cost) $200.0, accumulated amortization $47.0, and accumulated depreciation $2,190. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Machinery and Equipment.)
Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant assets $900.0, land $240.0, patents and trademarks (at cost) $510.0, machinery and equipment $2,100.0, buildings $930.0, goodwill (at cost) $200.0, accumulated amortization $47.0, and accumulated depreciation $2,190. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Machinery and Equipment.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other
plant assets $900.0, land $240.0, patents and trademarks (at cost) $510.0, machinery and equipment $2,100.0, buildings $930.0,
goodwill (at cost) $200.0, accumulated amortization $47.0, and accumulated depreciation $2,190.
Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and
Machinery and Equipment.)
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#
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NIKE, INC.
Partial Balance Sheet
As of May 31, 2022
(in millions)
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