Need help please on two lines in red
Homework Answers
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First red box = 1,759 = 900 + 2200 + 939 - Accumulated Depreciation 2280 = 1759 |
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Second red box = 1,999 = Land 240 + 1759 = 1999 |
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Need help please on two lines in red
Suppose Nike, Inc. reported the following plant assets...
Brief Exercise 9-11 Suppose Nike, Inc. reported the following plant assets and intangible assets for the...
Brief Exercise 9-11 Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2017 (in millions): other plant assets $977.0, land $240.0, patents and trademarks (at cost) $500.0, machinery and equipment $2,080.0, buildings $970.0, goodwill (at cost) $220.0, accumulated amortization $60.0, and accumulated depreciation $2,180.0. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.)
*Brief Exercise 9-11 x Your answer is incorrect. Try again. Suppose Nike, Inc. reported the following...
*Brief Exercise 9-11 x Your answer is incorrect. Try again. Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant assets $958.0, land $240.0, patents and trademarks (at cost) $550.0, machinery and equipment $2,150.0, buildings $900.0, goodwill (at cost) $160.0, accumulated amortization $59.0, and accumulated depreciation $2,180. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and...
Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May...
Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant assets $984.0, land $230.0, patents and trademarks (at cost) $540.0, machinery and equipment $2.090.0, buildings $940.0.goodwill (at cost) $160.0, accumulated amortization $55.0 and accumulated depreciation $2.100. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Machinery and Equipment.) NIKE, INC. Partial Balance Sheet As of May...
O Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2017 in m...
O Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2017 in millions other plant assets $900.0 and $200.0, patents and trademarks at cost) $550.0, machinery and equipment $2,040.0, buildings $900.0, goodwill fat cost) $160.0, accumulated amortization $55.0 and accumulated depreciation $2,310.0. 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...
Question 4 The assets (in thousands) that follow were taken from the December 31, 2015, balance...
Question 4
The assets (in thousands) that follow were taken from the
December 31, 2015, balance sheet for Big Rock Brewery
Inc.:
Accounts receivable
$2,221
Intangible assets
$456
Accumulated depreciation—buildings
1,817
Inventories
4,935
Accumulated depreciation—machinery and equipment
10,122
Land
8,377
Accumulated depreciation—mobile equipment
434
Machinery and equipment
24,860
Accumulated depreciation—office furniture and equipment
516
Mobile equipment
1,054
Buildings
17,692
Office furniture and equipment
1,286
Cash
540
Prepaid expenses and other
1,573
Prepare the assets section of the statement of financial...
Exercise 13-05 Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet...
Exercise 13-05 Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets Property, plant, and equipment (net) Other assets $9,520 1,990 1,590 $13,100 $8,800 1,810 1,610 $12,220 Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,220 1,260 8,620 $13,100 $3,380 1,340 7,500 $12,220 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $10,500 $8,400 Current assets Property, plant, and equipment (net) 2,006 1,700 Other assets 1,900 1,406 $13,912 $12,000 Total assets Liabilities and Stockholders' Equity $3,069 $3,100 Current liabilities Long-term liabilities 1,248 1,300 Stockholders' equity 9,595 7,600 $13,912 $12,000 Total liabilities and stockholders' equity Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as...
Question 2 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative...
Question 2 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $ 10,400 2,020 $ 8,000 2,000 1,700 $11,700 1,615 $14,035 Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity $ 3,038 $ 3,100 1,287 9,710 1,300 7,300 $11,700 Total liabilities and stockholders' equity $14,035 (a) (a) Prepare a horizontal analysis of the...
E13.5 (LO 2), AP Hypothetical balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative...
E13.5 (LO 2), AP Hypothetical balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 (S in millions) 2022 $ 9,734 1,958 1,558 $13,250 2021 $ 8,839 1,891 1,713 $12,443 Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $ 3,277 1,280 8,693 $13,250 $ 3,322 1,296 7,825 $12,443 Instructions a. Prepare a horizontal analysis of the...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 (s in millions) 2020 2019 $ 10,413 1,976 1,584 $13,973 $ 8,900 1,900 1,600 $12,400 Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,528 1,358 $ 3,600 1,400 9,087 7,400 $13,973 $12,400 (a) Prepare a horizontal analysis of the balance sheet data for...
*Brief Exercise 9-11 x Your answer is incorrect. Try again. Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant assets $958.0, land $240.0, patents and trademarks (at cost) $550.0, machinery and equipment $2,150.0, buildings $900.0, goodwill (at cost) $160.0, accumulated amortization $59.0, and accumulated depreciation $2,180. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and...
Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant assets $984.0, land $230.0, patents and trademarks (at cost) $540.0, machinery and equipment $2.090.0, buildings $940.0.goodwill (at cost) $160.0, accumulated amortization $55.0 and accumulated depreciation $2.100. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Machinery and Equipment.) NIKE, INC. Partial Balance Sheet As of May...
O Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2017 in millions other plant assets $900.0 and $200.0, patents and trademarks at cost) $550.0, machinery and equipment $2,040.0, buildings $900.0, goodwill fat cost) $160.0, accumulated amortization $55.0 and accumulated depreciation $2,310.0. 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...
Question 4
The assets (in thousands) that follow were taken from the
December 31, 2015, balance sheet for Big Rock Brewery
Inc.:
Accounts receivable
$2,221
Intangible assets
$456
Accumulated depreciation—buildings
1,817
Inventories
4,935
Accumulated depreciation—machinery and equipment
10,122
Land
8,377
Accumulated depreciation—mobile equipment
434
Machinery and equipment
24,860
Accumulated depreciation—office furniture and equipment
516
Mobile equipment
1,054
Buildings
17,692
Office furniture and equipment
1,286
Cash
540
Prepaid expenses and other
1,573
Prepare the assets section of the statement of financial...
Exercise 13-05 Hypothetical balance sheets of Nike, Inc. are presented here. NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets Property, plant, and equipment (net) Other assets $9,520 1,990 1,590 $13,100 $8,800 1,810 1,610 $12,220 Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,220 1,260 8,620 $13,100 $3,380 1,340 7,500 $12,220 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2021...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $10,500 $8,400 Current assets Property, plant, and equipment (net) 2,006 1,700 Other assets 1,900 1,406 $13,912 $12,000 Total assets Liabilities and Stockholders' Equity $3,069 $3,100 Current liabilities Long-term liabilities 1,248 1,300 Stockholders' equity 9,595 7,600 $13,912 $12,000 Total liabilities and stockholders' equity Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as...
Question 2 Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $ 10,400 2,020 $ 8,000 2,000 1,700 $11,700 1,615 $14,035 Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity $ 3,038 $ 3,100 1,287 9,710 1,300 7,300 $11,700 Total liabilities and stockholders' equity $14,035 (a) (a) Prepare a horizontal analysis of the...
E13.5 (LO 2), AP Hypothetical balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 (S in millions) 2022 $ 9,734 1,958 1,558 $13,250 2021 $ 8,839 1,891 1,713 $12,443 Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $ 3,277 1,280 8,693 $13,250 $ 3,322 1,296 7,825 $12,443 Instructions a. Prepare a horizontal analysis of the...
Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 (s in millions) 2020 2019 $ 10,413 1,976 1,584 $13,973 $ 8,900 1,900 1,600 $12,400 Assets Current assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,528 1,358 $ 3,600 1,400 9,087 7,400 $13,973 $12,400 (a) Prepare a horizontal analysis of the balance sheet data for...
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