Directions: Complete the table below: Do the items below lead to the recognition of a liability (Y/N)? If they do, what is the account name, measured amount, and classification as current or noncurrent?
Item	Recognition of Liability? (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
1. Nike agrees to purchase a plot of land on which it will build a factory for $5MM.
2. Nike places a $50MM order from one of its suppliers. The supplier is completing the manufacturing of the goods and will ship them within six months.
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 a check of $12MM from a store for merchandise that it will ship to the store in 90 days.
5. The supplier from above (with the $50MM order) ships the goods to Nike and sends an invoice. Nike obtains ownership of the goods when they arrive. The goods should arrive in less than 14 days.