(Solved) Can anyone tell me why this is wrong? Suppose Nike, Inc. reported

July 21, 2017UncategorizedBy classhelp24@gmail.com [email if you need fresh paper done]

Can anyone tell me why this is wrong?

SupposeNike, Inc.reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $933.4; land $233.4; patents and trademarks (at cost) $548.9; machinery and equipment $2,126.8; buildings $919; goodwill (at cost) $194.4; accumulated amortization $43.8; and accumulated depreciation $2,393.

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)

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