Reference no: EM131190859
Exercise
Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $946.3; land $230.4; patents and trademarks (at cost) $539.4; machinery and equipment $2,133.1; buildings $920; goodwill (at cost) $163.6; accumulated amortization $47.7; and accumulated depreciation $2,171.
Prepare 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
Buildings Machinery and Equipment Other Plant Assets Goodwill Accumulated Depreciation Patents and Trademarks Accumulated Amortization Land $
Patents and Trademarks Machinery and Equipment Accumulated Amortization Other Plant Assets Land Buildings Accumulated Depreciation Goodwill $
Accumulated Amortization Machinery and Equipment Accumulated Depreciation Patents and Trademarks Land Other Plant Assets Goodwill Buildings
Machinery and Equipment Accumulated Amortization Buildings Land Goodwill Other Plant Assets Patents and Trademarks Accumulated Depreciation
Add Less : BuildingsPatents and TrademarksLandMachinery and EquipmentGoodwillOther Plant AssetsAccumulated DepreciationAccumulated Amortization
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
Accumulated Amortization Land Buildings Other Plant Assets Goodwill Accumulated Depreciation Machinery and Equipment Patents and Trademarks
Other Plant Assets Goodwill Patents and Trademarks Accumulated Amortization Land Buildings Accumulated Depreciation Machinery and Equipment $
Add Less : BuildingsPatents and TrademarksMachinery and EquipmentAccumulated AmortizationOther Plant AssetsLandAccumulated DepreciationGoodwill
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
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