Demo_for_Chapter_5 - Chapter 5 Demo Problem

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 5 Demo Problem Microsoft Corporation, developer of a broad line of computer software  including the Windows operating systems, Word (word processing),  and Excel (spreadsheet) programs is now the largest computer-related  company in the world. Following is a list of the financial statement  items and amounts adapted from a recent Microsoft income statement  and balance sheet. These items have normal debit and credit balances  and are reported in millions of dollars. For that year, 5,341 million  (weighted average) shares of stock were outstanding. The company  closes its books on June 30, 2001. Accounts payable $ 1,188    Other current  liabilities $ 2,120   Accounts receivable   3,671    Other investments   14,14 1   Accrued  compensation   742    Other revenues and  expenses (debit  balance)   (534 ) Cash and short-term  investments   31,60 0     Other noncurrent  assets   3,170   Common stock and  paid-in capital   28,39 0     Property, plant, and  equipment (net)   2,309   Cost of goods sold   3,455    Provision for income  taxes   3,804   General and  administrative   857    Research and  development   4,379   Income taxes payable   1,468    Retained earnings   18,89 9  
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Investment income  (loss)   (36)  Sales and marketing   4,885   Net revenues   25,29 6     Unearned revenue   5,614   Other current assets   3,530            Microsoft Corporation
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/03/2011 for the course AEM 2210 at Cornell University (Engineering School).

Page1 / 7

Demo_for_Chapter_5 - Chapter 5 Demo Problem

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online