Following are account balances ($ millions) for Microsoft Corporation as of the fiscal year ended June 30, 2015. Prepare Microsoft’s balance sheet as of June 30, 2015. Total revenue . . . . . . . . . . . . . . . . . . . . . . . $ 93,580 Cash flows for financing activities . . . . . . $ (9,153) Accounts payable. . . . . . . . . . . . . . . . . . . . 6,591 Other current assets. . . . . . . . . . . . . . . . . 7,376 Cash and short-term investments . . . . . . . 96,526 Accrued expenses . . . . . . . . . . . . . . . . . . . 5,096 Cash flows from operating activities . . . . . 29,080 Other stockholders’ equity . . . . . . . . . . . . 2,522 Other current liabilities . . . . . . . . . . . . . . . . 38,171 Accounts receivable. . . . . . . . . . . . . . . . . 17,908 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . 2,902 Long-term liabilities . . . . . . . . . . . . . . . . . 46,282 Cost of goods sold. . . . . . . . . . . . . . . . . . . 33,038 Cash at beginning of year . . . . . . . . . . . . 8,669 Cash flows for investing activities . . . . . . . (23,001) Other long-term assets . . . . . . . . . . . . . . 36,780 Retained earnings . . . . . . . . . . . . . . . . . . . 9,096 O
Following are account balances ($ millions) for Microsoft Corporation as of the fiscal year ended June 30, 2015. Prepare Microsoft’s
Total revenue . . . . . . . . . . . . . . . . . . . . . . . $ 93,580
Accounts payable. . . . . . . . . . . . . . . . . . . . 6,591 Other current assets. . . . . . . . . . . . . . . . . 7,376
Cash and short-term investments . . . . . . . 96,526 Accrued expenses . . . . . . . . . . . . . . . . . . . 5,096
Cash flows from operating activities . . . . . 29,080 Other
Other current liabilities . . . . . . . . . . . . . . . . 38,171
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . 2,902 Long-term liabilities . . . . . . . . . . . . . . . . . 46,282
Cost of goods sold. . . . . . . . . . . . . . . . . . . 33,038 Cash at beginning of year . . . . . . . . . . . . 8,669
Cash flows for investing activities . . . . . . . (23,001) Other long-term assets . . . . . . . . . . . . . . 36,780
Income tax expense . . . . . . . . . . . . . . . . . . 6,314 Property, plant, and equipment, net. . . . . 14,731
Operating expenses . . . . . . . . . . . . . . . . . . 32,370 Common stock and paid-in capital . . . . . 68,465
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
