Suppose the comparative balance sheets of nike, inc. are presented here. nike, inc. condensed balance sheet may 31 ($ in millions) 2017 2016 assets current assets $9,600 $8,730 property, plant, and equipment (net) 1,910 1,830 other assets 1,470 1,620 total assets $12,980 $12,180 liabilities and stockholders' equity current liabilities $3,200 $3,370 long-term liabilities 1,310 1,330 stockholders’ equity 8,470 7,480 total liabilities and stockholders' equity $12,980 $12,180

(a) prepare a horizontal analysis of the balance sheet data for nike, using 2016 as a base

For many years, kellogg's frosted flakes, a ready-to-eat breakfast cereal, was perceived as a cereal for children. tony the tiger, a cartoon character, extolled frosted flakes, and advertisements depicted children enjoying the product with tony in competitive situations. recently, in response to declining sales of frosted flakes, the cereal maker has adopted a new series of advertisements that show adults admitting that they enjoy frosted flakes, too. kellogg's is attempting to

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

Which of the following would classify as a general education requirement