Based on the information regarding Microsoft's June 30 2012 quarterly results, what is your sense of the overall implications of Microsoft goodwill impairment write-off for the company's business? 

2. What particular factors led Microsoft to report this impairment charge, How do those factors compare to the requirements under the FASB Accounting Standards Codification. 

3. Given the accounting process for determining a goodwill impairment charge do companies have discretion in implementing.