Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Based on unearned revenue only ( that is , ignore accounts receivable ) , how much more ( or less ) cash did Microsoft collect
Based on unearned revenue only that is ignore accounts receivable how much more or less cash did Microsoft collect from customers relative to how much they recognized in revenue? Note: If they collected less, then
tableAccounts payable,,,Current portion of longterm debt,$Accrued compensation,,Shortterm income taxes,,Shortterm unearned revenue,,Other current liabilities,,Total current liabilities,,Longterm debt,,Longterm income taxes,,Longterm unearned revenue,,Deferred income taxes,,Operating lease liabilities,,Other longterm liabilities,,Total liahilifiog,,Iotal liabilities,,
Commitments and contingencies
Stockholders' equity:
tableCommon stock and paidin capital shares authorized ; outstanding and Retained earnings,Accumulated other comprehensive income,Total stockholders' equity,Total liabilities and stockholders' equity,
Item
Changes in unearned revenue were as follows:
table
tableYear Ended June Balance beginning of periodtableDeferral of revenueRecognition of unearned revenuetabletable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started