Solution-Classify each of these items as an asset or

Classify each of these items as an asset or liability

Reference no: EM131824491

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.

Reference no: EM131824491

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Classify each of these items as an asset or liability

Reference no: EM131824491

Reference no: EM131824491

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