What adjustment for unearned revenue did microsoft make

Assignment Help Financial Accounting
Reference no: EM13899931

For the years ending June 30, 2004 and 2003, Microsoft Corporation reported short-term unearned revenue of $6,514 million and $7,225 million, respectively. For the year ending June 30, 2004, Microsoft also reported total revenues of $36,835 million. (a) What adjustment for unearned revenue did Microsoft make at June 30, 2004? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease. (b) What percentage of total revenues was the adjustment for unearned revenue?

Reference no: EM13899931

Questions Cloud

Describe the negative self-schema model : Compare and contrast the social constructivist perspective of psychopathology to that of the essentialist perspective and Describe the negative self-schema model and the impact on the development of symptoms of depression
Why are industries fragmented : What are the key problems in maintaining a competitive advantage in embryonic and growth industry environments? What are the dangers associated with being the leader in an industry?
What generic business-level strategy is lululemon pursuing : What generic business-level strategy is Lululemon pursuing? Does this strategy give it an advantage over its rivals in the athletic clothing business? If so, how?
What do we mean by the term value innovation : What do we mean by the term value innovation? Can you identify a company not discussed in the text that has established a strong competitive position through value innovation?
What adjustment for unearned revenue did microsoft make : What adjustment for unearned revenue did Microsoft make at June 30, 2004? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease.
Research - the bereaved child''s experience of grief : Death&dying - Philosophy . I want 2 researches : 8 pages each , three resoures each, Fisrt research : The Bereaved Child's Experience of Grief
Identify the debits and credits in the analysis of changes : Identify the debits and credits in the Analysis of Changes columns with letters that correspond to the following list of transactions and events.
Differences between a lowcost and differentiation strategy : Over time, will the adoption of Six Sigma quality improvement processes give a company a competitive advantage, or will it be required only to achieve parity with competitors?
What is the amount of the net income for january : Neal Hastings established Ember Services, P.C., a professional corporation, on January 1 of the current year. Describe each transaction. What is the amount of the net income for January?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd