Report on the functional currency of Nike: https://www.sec.gov/Archives/edgar/data/320187/000032018715000113/nke-5312015x10k.htm#s26113029AC268185E0CCE8274DE85AF4 When researching your answer keep in mind...
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Report on the functional currency of Nike: https://www.sec.gov/Archives/edgar/data/320187/000032018715000113/nke-5312015x10k.htm#s26113029AC268185E0CCE8274DE85AF4
When researching your answer keep in mind the following:
Both U.S. GAAP and IFRS recommend the following factors:
the location of primary sales markets,
sources of materials and labor,
the source of financing, and
the amount of intercompany transactions should be evaluated in identifying an entitys functional currency.
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