Business, 09.11.2019 00:31 neariah24

For each item below, identify the amount (if any) that would be reported as a liability on nike, inc.’s fiscal year-end balance sheet at may 31, 2017. a. nike, inc. agreed to purchase materials for its new line of running shoes in june 2017. b. nike, inc. signed a 60-day 8% note for $105,000 on may 12, 2017 to finance its seasonal working capital needs. principal and interest are due on july 11, 2017. c. nike, inc. owes $180,000 at year-end for inventory purchases. d. nike, inc. received a $250,000 deposit from foot locker for an order on the new line of running shoes that will be ready for shipment in september 2017.

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For each item below, identify the amount (if any) that would be reported as a liability on nike, inc...