Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If Microsoft did not defer any revenue, but instead recognized it as received, how much total revenue would it have recognized in 2018? begin{tabular}{|c|c|c|c|c|c|c|} hline

image text in transcribedimage text in transcribed If Microsoft did not defer any revenue, but instead recognized it as received, how much total revenue would it have recognized in 2018? \begin{tabular}{|c|c|c|c|c|c|c|} \hline Year Ended June 30, & & 2018 & & 2017 & & 2016 \\ \hline \multicolumn{7}{|l|}{ Revenue: } \\ \hline Product & s & 64,497 & $ & 63,811 & $ & 67,336 \\ \hline Service and other & & 45,863 & & 32,760 & & 23,818 \\ \hline Total revenue & & 110,360 & & 96,571 & & 91,154 \\ \hline June 30, & & & & 2018 & & 2017 \\ \hline \multicolumn{7}{|l|}{ Assets } \\ \hline \multicolumn{7}{|l|}{ Current assets: } \\ \hline Cash and cash equivalents & & & s & 11,946 & $ & 7,663 \\ \hline Short-term investments & & & & 121,822 & & 125,318 \\ \hline Total cash, cash equivalents, and short-term investments & & & & 133,768 & & 132,981 \\ \hline Accounts receivable & & & & 26,481 & & 22,431 \\ \hline \end{tabular} \begin{tabular}{lrr} Liabilities and stockholders' equity & & \\ Current liabilities: & 8,617 & $,390 \\ Accounts payable & 0 & 9,072 \\ Short-term debt & 3,998 & 1,049 \\ Current portion of long-term debt & 6,103 & 5,819 \\ Accrued compensation & 2,121 & 718 \\ Short-term income taxes & 28,905 & 24,013 \\ Short-term unearned revenue & 8,744 & 7,684 \\ \hline Other & 58,488 & 55,745 \\ \hline \multicolumn{1}{|c|}{ Total current liabilities } & 72,242 & 76,073 \\ Long-term debt & 30,265 & 13,485 \\ Long-term income taxes & 3,815 & 2,643 \\ Long-term unearned revenue & 541 & 5,734 \\ Deferred income taxes & 5,568 & 5,372 \\ Operating lease liabilities & 5,211 & 3,549 \\ Other long-term liabilities & & \end{tabular} How much total cash did Microsoft collect from customers in fiscal year 2018

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis International

Authors: Charles T. Horngren, Srikant M. Datar, George Foster

11th Edition

8120323548, 978-8120323544

More Books

Students also viewed these Accounting questions

Question

What role does communication play in developing personal identity?

Answered: 1 week ago