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Question - Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $909.9; land $244.4; patents and trademarks (at cost) $545.2; machinery and equipment $2,030.7; buildings $927; goodwill (at cost) $188.7; accumulated amortization $41.4; and accumulated depreciation $2,181.
Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.)
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Kitty Russell's Longbranch Cafe in Sausalito recently reduced Nachos Supreme appetizer prices from $5 to $3 for afternoon "early bird" customers and enjoyed a resulting increase in sales from 60 to 180 orders per day. Beverage sales also increased..
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