Directions: Complete the table below: Do the items below lead to the recognition of an asset (Yes or No)? If yes, what is the account name, measured amount, and classification as current or noncurrent?
Item	Recognition of Asset (Must type yes or no)	Account Name (choose the correct answer)	Measurement Amount (don't put $ sign or MM for example 1MM should be listed as 1)	Current or Noncurrent (must type out current or noncurrent without abbreviation)
1. Nike pays $2MM for an option to purchase a plot of land on which it wants to build a factory. The price of the land is $275MM.
2. Nike spends $45MM on R&D. Due to this R&D, Nike is able to file a patent. The cost of obtaining the patent is $1MM.
3. Nike signs a 5-year employment offer with an incoming CFO for $15MM salary and stock options. The CFO will start in two months.
4. Nike receives an invoice of $30MM for a shipment that a supplier in Asia just sent. The supplier retains the right to this shipment until it arrives to Nike's US location.
5. Nike buys a $15MM government bond that will mature in four years. It plans to hold the bond until maturity.