Question: View Policies Current Attempt in Progress Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) 1.


View Policies Current Attempt in Progress Suppose the following items were taken from the balance sheet of Nike, Inc. (All dollars are in millions.) 1. Cash $2,200.0 7. Inventory $2,300,0 2. Accounts receivable 2700.0 8. Income taxes payable 90.0 Common stock 2,830.0 9. Equipment 1.900.0 4. Notes payable 250.0 5,555.0 5. 10. Retained earnings 11 Accounts payable Buildings 3.800.0 2,865,0 6. Mortgage payable 1,310,0 Perform each of the following: Classi (a) Classity each of these items as an asset. liability, or stockholders equity, and determine the total dollar amount for each classification (Round answers to 1 decimal place, eg. 5,275.5.) Assets Cash Assets Accounts recevable Assets Common stock Liability Notes payable Assets Buildings Liability Mortgage payable Assets Inventory Liability Income tax payable Assets Equipment Assets Equipment Stockholders' Equity Retained earnings Liability Accounts payable Assets $ Liability $ Stockholders' equity $
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