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What items on the balance sheet would be recognized

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Reference no: EM131154658

Review this Form 10-K for Nike, Inc. You will analyze different parts of the financial statements as instructed on a weekly basis using the concepts covered in that particular week.

Prepare a two- to three-page double-spaced report addressing items covered in Nike's 10-K. Your report should cover the following:

• What items on the balance sheet would be recognized at historical cost?

• Which of the items listed using historical cost could potentially be the most undervalued? Analyze any of the items that could possibly be overvalued under historical cost.

• Justify and evaluate if the notes to the financial statements disclose fair market values on these items identified.

• What is the amount of Total Assets on the Balance Sheet? Evaluate if the balance seemed high, low, or just about right to you. Justify your answer.

• What is the amount of Total Current Liabilities on the Balance Sheet? What determines if an item is listed as current?

Justify and evaluate if the Notes to the Financial Statements are adequate in regard to disclosing areas that need further clarification.

Reference no: EM131154658

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