agree or disagree? why?

The Corporation I chose for this discussions is Microsoft Corporation. Their fiscal year in 2019 was a record-breaking for the company. They delivered more than $125 billion in revenue, $43 billion in operating income, and more than $50 billion in operating cash flow and returned more than $30 billion to shareholders. Some of the highlights from fiscal year 2019 compared with fiscal year 2018 included:

• Main commercial cloud properties such as Microsoft Office 365, Microsoft Azure, Linkedln and Microsoft Dynamics 365 the revenue increased 43% to $38.1 billion.
• Office Commercial revenue increased 13%, driven by Office 365 Commercial growth of 33%.
• Office Consumer revenue increased 7%, and Office 365 Consumer subscribers increased to 34.8 million.
• Linkedln revenue increased 28%, with record levels of engagement highlighted by Linkedln sessions growth of 27%.
• Dynamics revenue increased 15%, driven by Dynamics 365 growth of 47%.
• Server products and cloud services revenue, including GitHub, increased 25%, driven by Azure growth of 72%.
• Enterprise Services revenue increased 5%.
• Windows original equipment manufacturer licensing (“Windows OEM”) revenue increased 4%.
• Windows Commercial revenue increased 14%.
• Microsoft Surface revenue increased 23%.
• Gaming revenue increased 10%, driven by Xbox software and services growth of 19%.
• Search advertising revenue, excluding traffic acquisition costs, increased 13%.

Their effective tax rate decreased from previous year in 2018 due to the net charge related to the enactment of the Tax Cuts and Jobs Act in the second quarter of fiscal year 2018 and a $2.6 billion net income tax benefit in the fourth quarter of fiscal year 2019 related to intangible property transfers. Their short-term investments are primarily intended to facilitate liquidity and capital preservation. U.S. dollar-denominated securities and foreign currency-denominated securities are the most predominant investments.

Cash from operations increased $8.3 billion to $52.2 billion for fiscal year 2019 due to cash received from the customers. The cash that used for investment increased $9.7 billion to $15.8 billion mainly due to a $6.0 billion decrease in cash from net investment purchases, sales, and maturities.

Microsoft engaged Deloitte & Touche LLP, an independent registered public accounting firm, to audit and render an opinion on the consolidated financial statements and internal control over financial reporting in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB) to assure about whether the financial statements are free of material misstatement, whether due to error or fraud and perform procedures that respond to those risks. Such procedures included examining on a test basis, evaluating the accounting principles used, evaluation of the overall presentation of the financial statements and significant estimates made by management.

Management is responsible for the preparation of the consolidated financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States of America (GAAP). The company maintains accounting and internal control systems to provide reasonable assurance at reasonable cost that assets are safeguarded against loss from unauthorized use or disposition, and that the financial records are reliable for preparing consolidated financial statements and maintaining accountability for assets.