User Account

All Pages

What items on the balance sheet would be recognized

Assignment Help Financial Accounting
Reference no: EM131154658

Review this Form 10-K for Nike, Inc. You will analyze different parts of the financial statements as instructed on a weekly basis using the concepts covered in that particular week.

Prepare a two- to three-page double-spaced report addressing items covered in Nike's 10-K. Your report should cover the following:

• What items on the balance sheet would be recognized at historical cost?

• Which of the items listed using historical cost could potentially be the most undervalued? Analyze any of the items that could possibly be overvalued under historical cost.

• Justify and evaluate if the notes to the financial statements disclose fair market values on these items identified.

• What is the amount of Total Assets on the Balance Sheet? Evaluate if the balance seemed high, low, or just about right to you. Justify your answer.

• What is the amount of Total Current Liabilities on the Balance Sheet? What determines if an item is listed as current?

Justify and evaluate if the Notes to the Financial Statements are adequate in regard to disclosing areas that need further clarification.

Reference no: EM131154658

Questions Cloud

Why did white record these expenses in the general journal : Why did White record these expenses in the general journal? What is the ethical issue in this situation? What role does accounting play in this issue?
Write balanced nuclear equations for the transformations : Write balanced nuclear equations for the following transformations
Strategic approach for future functions : Do you think that organizations can be accountable if they do not have a strategic approach for future functions?
Presenting new compelling information : Write Maximum 2 pages presenting new/compelling information. - It should be as detailed as possible including reason for the appeal.
What items on the balance sheet would be recognized : What items on the balance sheet would be recognized at historical cost? Justify and evaluate if the notes to the financial statements disclose fair market values on these items identified.
Pricing and promotion policies : Question 1:What is the bullwhip effect and how CPFR can benefit the supply chain partners minimizing the bullwhip effect? Question 2: Discuss some of the pricing and promotion policies that can facilitate coordination.
International servant leadership organization : Research an international servant leader or international servant leadership organization to examine the similarities and differences in the way servant leadership is executed in Western culture and Christianity when compared with other cultures a..
Compares secular nationalism and islamic fundamentalism : Write an essay that compares and contrasts secular nationalism, Islamic fundamentalism, and democratic reform in Iran and Egypt from 1945 to the present
Characteristics of strong performing cultures : Identify five characteristics of strong (high) performing cultures! Include a personal example for each one. Please make sure your response of minimum of 200 words and you fully address each question.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Analyze a company xs accounts receivable turnover

Explain how you would use SIC codes to analyze a Company Xs Accounts Receivable Turnover of four times per year versus a SIC rate of eight times per year.

  What manufacturing step is a restriction

Specified the demand for 1,500 Walnut Tables what is the manufacturing time per processing step and in total to manufacture 1,500 Walnut Tables What manufacturing step is a restriction for the current demand

  Prepare companys income statement in contribution format

Company has just completed its first year of operations. The company's accountant has prepared an absorption costing income statement for the year as seen below: Prepare the company's income statement in the contribution format.

  What is goodwill resulting from this business combination

Strong Company has had poor operating results in recent years and has a $160,000 net operating loss carry-forward. Leader Corp. pays $700,000 to acquire Strong and is optimistic about its future profitability potential. The book value and fair value ..

  Larkspur corp manufactures bird feeders it currently has

larkspur corp. manufactures bird feeders. it currently has two product lines the standard and the deluxe. larkspur has

  Which is the more successful division in terms of koi

Using 16 percent as the minimum required rate of return, compute the residual income for each division. Which division is more successful under this rate?

  Find out the incremental effect on profit of discontinuing

Prepare an incremental analysis in good form to find out the incremental effect on profit of discontinuing the snail extraction tool line.

  Prepare an income statement for the month of february

Prepare an income statement for the month of February. All salaries are sales salaries. Prepare a statement of owner's equity for the month of February. Prepare a February 28 balance sheet.

  Compute the current ratio and net working capital

Compute the current ratio and Net Working capital -

  What is the amount of working capital they have available

Quality Health Care has cash of $450,000, accounts receivable of 1.45 million, inventory of $250,000 building and equipment of $1.5 million and long-term investments of 2.4 million. They have accounts payable of $950,000 and long-term debt of $3 mill..

  What are the balance sheet and income statement accounts

Consider the accounting implications of the two charging methods for the company collecting the road tolls. What are the balance sheet and income statement accounts it must set up in its books?

  Journalize entries to record the common and preferred stock

Journalize the entries to record the (1) common and (2) preferred stock transactions summarized in the trial balance. For a compound transaction, if an amount box does not require an entry, leave it blank.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd