partial balance sheet

Question

Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $941.5; land $216.0; patents and trademarks (at cost) $511.2; machinery and equipment $2,078.6; buildings $979; goodwill (at cost) $209.2; accumulated amortization $57.7; and accumulated depreciation $2,270.

Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

 

I am not such how to put millions in a balance sheet. Do you not add the zeros?

Answer 1

i am an accountant and we do everything in thousands, so your plant assets are 941,500,000 million or 941.5 Land 216,000,000, patents 511,200,000, equiptment 2,078,600,000, buildings 979,000,000, goodwill 209,200,000, amortization 57,700,000 and depreciation 2,270,000,000

 

It is ok to leave the numbers as they are given in the problem. but like Stephanie said you would have to annotate it such as: 

 

The A Corportation 

Balance Sheet

December 31, 20XX

(in millions)