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ACCOUNTING W2 ASSIGNMENT TEMPLATE Answer all of the following questions and do not cut and paste from your company SEC report. {NIKE) 1. What is the Description and Dollar Value of the first line on the Income Statement (it may be net sales)? 2. Locate the Balance Sheet (it may have a different heading, such as the Statement of Financial Position). 3. What are the names of the assets and their values (if more than five line items, report only the first five line items and dollar values)? 4. Statement of Owner's Equity: Post the line items and dollar values in the "Equity" section of the balance sheet. You will likely find line items including Common Stock, Retained Earnings (or Deficit), and Treasury Stock. 5. What is the Net Income (or Net Loss) for your SEC 10-K company? ____________________________________________________________ HOMEWORK ASSIGNMENT 20 QUESTIONS. I WILL PROVIDE LINK ___________________________________________________________
Answered 1 days AfterMar 20, 2024

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Khushboo answered on Mar 22 2024
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Company Selected: Nike Inc.
1. Description and dollar value of first line on the income statement
The first line item in the income statement of the entity is revenues which includes the income earned by the business from its operations. The value of revenue for the year 2023 is $51217 million and for the year 2022 amounts to $46710 million and for the year 2021 it amounts to $44538 million.
2. Location of Balance Sheet
The consolidated balance sheet of Nike Inc. is located in the page no. 57 of the annual report
3....
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