Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the attached screenshot of a balance sheet - based on unearned revenue only ( that is , ignore accounts receivable ) , how much

Using the attached screenshot of a balance sheet -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 include a minus sign.(In millions)
June 30, Assets
Current assets:
Cash and cash equivalents
Short-term investments
Total cash, cash equivalents, and short-term investments
Accounts receivable, net of allowance for doubtful accounts of $751 and $788
Inventories
Other current assets
Total current assets
Property and equipment, net of accumulated depreciation of $51,351 and $43,197
Operating lease right-of-use assets
Equity investments
Intangible assets, net Other long-term assets
Total assets
Liabilities and stockholders' equity
Current liabilities:
Accounts payable
Current portion of long-term debt
Accrued compensation
Short-term income taxes
Short-term unearned revenue
Other current liabilities
Total current liabilities
Long-term debt
Long-term income taxes
Long-term unearned revenue
Deferred income taxes
Operating lease liabilities
Other long-term liabilities
Total liabilities
Commitments and contingencies
Stockholders' equity:
Common stock and paid-in capital - shares authorized 24,000; outstanding 7,519 and 7,571
Retained earnings
Accumulated other comprehensive income
Total stockholders' equity
Total liabilities and stockholders' equity
Refer to accompanying notes.
$
$
2021
14,224 $
116,110
130,334
38,043
2,636
13,393
184,406
59,715
11,088
5,984
49,711
7,800
15,075
333,779 $
15,163 $
8,072
10,057
2,174
41,525
11,666
30.072
27,190
2,616
198
9,629
13,427
191,791
83,111
57,055
1,822
141,988
333,779 $
2020
13,576
122,951
136,527
32,011
1,895
11,482
181,915
44,151
2,953
43,351
7,038
13,138
301,311
12,530
3,749
2,130
36,000
10,027
72,310
59,578
29,432
3,180
10,632
183,007
80,552
34,566
3,186
118,304
301,311

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

Step: 3

blur-text-image

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

Principles Of Financial Accounting

Authors: Jerry J. Weygandt, Lorena Mitrione, Michaela Rankin, Keryn Chalmers, Paul D. Kimmel

3rd Edition

0730302296, 978-0730302292

More Books

Students also viewed these Accounting questions