principles of accounting 11

Question 1

Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $965.8; land $221.6; patents and trademarks (at cost) $515.1; machinery and equipment $2,094.3; buildings $974; goodwill (at cost) $193.5; accumulated amortization $47.7; and accumulated depreciation $2,298.

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

Other Plant Assets Goodwill Accumulated Depreciation Machinery and Equipment Accumulated Amortization Patents and Trademarks Land Buildings $

Patents and Trademarks Accumulated Amortization Land Buildings Accumulated Depreciation Machinery and Equipment Other Plant Assets Goodwill $

Goodwill Other Plant Assets Land Machinery and Equipment Accumulated Depreciation Patents and Trademarks Accumulated Amortization Buildings

Land Accumulated Depreciation Accumulated Amortization Machinery and Equipment Goodwill Patents and Trademarks Other Plant Assets Buildings

Add Less
:
Machinery and EquipmentBuildingsOther Plant AssetsLandAccumulated DepreciationGoodwillAccumulated AmortizationPatents and Trademarks