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Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $977.3; land $205.8; patents and trademarks (at cost) $539.8; machinery and equipment $2,172.8; buildings $940; goodwill (at cost) $216.0; accumulated amortization $42.3; and accumulated depreciation $2,361.
Prepare a partial balance sheet for Nike for these items.
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lund company applies manufacturing overhead to jobs using a predetermined overhead rate of 70 of direct labor cost. any
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