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Nike Inc with headquarters in Beaverton Oregon is one of the world’s leading manufacturers of athletic shoes and sports apparel The following activities occurred during a recent year

Nike, Inc., with headquarters in Beaverton, Oregon, is one of the world’s leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions.

a)     Purchased additional buildings for $172 and equipment for $270; paid $432 in cash and signed a long-term note for the rest.

b)     Issued 100 shares of $2 par value common stock for $345 cash.

c)     Declared $145 in dividends to be paid in the following year.

d)     Purchased additional short-term investments for $7,616 cash.

e)     Several Nike investors sold their own stock to other investors on the stock exchange for $84.

f)       Sold $4,313 in short-term investments for $4,313 cash.

May 22 2020 View more View Less

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