Nike

Nike is in the footwear, apparel, equipment, and accessory products industry. All of Nike's chief products are athletically inspired. Its footwear consists of Men's, Women's, and Children's shoes; further subdivided into the following categories: Running, Basketball, and Cross-raining. Nike's shoes also address the market for outdoor activities. Its thorough response to these activities has been the introduction of the following shoe designs: tennis, golf, soccer, baseball, football, bicycling, volleyball, wrestling, cheerleading, aquatic activities, street/roller/…

…report with an explanatory paragraph. This was issued because PWC LLP felt that the financial statement were an accurate representation of the corporation. The reason why there was an explanatory paragraph was because Nike changed their methods of accounting for goodwill and intangible assets and derivative instruments. Both changes were in accordance with Statements of Financial Accounting Standards, No. 142 for Goodwill and Other Intangible Assets, and No. 133 and 138 Accounting for Derivative Instruments and Hedging Activiti