Reporting investments Group Project In groups of three or four, find the latest annual report for Microsoft Corporation. The annual report can be found on the company’s Web site at www.microsoft.com/msft/

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The notes to the financial statements include details of Microsoft’s investments. Find the notes that provide details of its investments (Note 4) and the income from its investments (Note 3).

From these disclosures, answer the following questions:

1. What is the total cost of investments?

2. What is the fair value (recorded value) of investments?

3. What is the total unrealized gain from investments?

4. What is the total unrealized loss from investments?

5. What percent of total investments (at fair value) are:

a. Cash and equivalents

b. Short-term investments

c. Equity and other investments (long term)

6. What was the total combined dividend and interest revenue?

7. What was the recognized net gain or loss from sale of investments?