The following items were taken from the balance sheet of


Question - The following items were taken from the balance sheet of Nike, Inc.

1.

Cash

$2,291.1

7.

Inventories

$2,357.0

2.

Accounts receivable

2,883.9

8.

Income taxes payable

86.3

3.

Common stock

2,874.2

9.

Property, plant, and equipment

1,957.7

4.

Notes payable

342.9

10.

Retained earnings

5,818.9

5.

Other assets

3,759.9

11.

Accounts payable

2,815.8

6.

Other liabilities

1,311.5




Classify each of these items as an asset, liability, or stockholders' equity.

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Accounting Basics: The following items were taken from the balance sheet of
Reference No:- TGS02619996

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