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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 22
Access the July 30, 2013, 10-K filing (for year-end June 30, 2013) of Microsoft (MSFT) at www.SEC.gov. Review its note 4, "Investments."
Required
1. How does the "cost-basis" total amount for its investments as of June 30, 2013, compare to the prior year-end amount
2. Identify at least eight types of short-term investments held by Microsoft as of June 30, 2013.
3. What were Microsoft's unrealized gains and its unrealized losses from its investments for 2013
4. Was the cost or fair value ("recorded basis") of the investments higher as of June 30, 2013
Required
1. How does the "cost-basis" total amount for its investments as of June 30, 2013, compare to the prior year-end amount
2. Identify at least eight types of short-term investments held by Microsoft as of June 30, 2013.
3. What were Microsoft's unrealized gains and its unrealized losses from its investments for 2013
4. Was the cost or fair value ("recorded basis") of the investments higher as of June 30, 2013
Explanation
Verified
Verified
1.
Cost basis is actual value of an asse...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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