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MICROSOFT CORPORATION

7372 - SERVICES-PREPACKAGED SOFTWARE

10-k report- http://www.sec.gov/Archives/edgar/data/789019/000119312513310206/0001193125-13-310206-index.htm

Using this information answer the following question:

a. Are your company's financial statements audited by an independent public accounting firm? Find and read the "Report of Independent Registered Public Accounting Firm" (or similarly titled report) in the 10-K. What is the name of your company's audit firm and what type of opinion did it issue? (unqualified, unqualified with modified wording, qualified, adverse or disclaimer). Summarize the responsibilities the auditor assumed regarding the financial statements and internal controls based on their report.

b. Find and read the "Report of Management Responsibilities" or "Certification of Chief Executive Officer/Chief Financial Officer" (or similar titled report) found in the company's 10-K. These reports are required by the Sarbanes-Oxley Act. Who signed it? Summarize the responsibilities the management assumed regarding the financial statements and internal controls based on their report

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Elin Hessel
Elin HesselLv2
28 Sep 2019

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MICROSOFT CORPORATION

7372 - SERVICES-PREPACKAGED SOFTWARE

10-k report- http://www.sec.gov/Archives/edgar/data/789019/000119312513310206/0001193125-13-310206-index.htm

Using this information answer the following question:

Income Statement (You will find the answer of most of the questions from Income Statement):

a. Read the footnotes to the financial statements. What is your company's revenue recognition policy?

b. What subtotals does your company report on its income statement?

c. What amount of revenue was earned for the most recent year?

d. What is the amount of the largest expense on the income statement for the most recent year? Please briefly describe the transaction represented by the expense.

e. What is the amount of net income for the most recent year?

f. What is your company's earnings per share (basic only) for the three years reported?

MICROSOFT CORPORATION

7372 - SERVICES-PREPACKAGED SOFTWARE

10-k report- http://www.sec.gov/Archives/edgar/data/789019/000119312513310206/0001193125-13-310206-index.htm

Using this information answer the following question:

a. What is the exact name of your company? What is the ticker symbol for your company, on what stock exchange(s) does it trade, and when is the company's fiscal year end?

b. What industry and primary SIC code is your company in? What types of products does your company sell? Identify a major competitor of your company. You may find the information from finance.yahoo.com or www.google.com/finance.

c. For how many years does the 10-K present complete Balance Sheet? Income Statements? Statement of Cash Flow?

MICROSOFT CORPORATION

7372 - SERVICES-PREPACKAGED SOFTWARE

10-k report- http://www.sec.gov/Archives/edgar/data/789019/000119312513310206/0001193125-13-310206-index.htm

Using this information answer the following question:

Balance Sheet ( You will find the answer of most of the questions from Balance Sheet):

a. Using the 10-K, show that the fundamental accounting equation, Assets = Liabilities + Stockholders' Equity, is true for your company at the end of the most recent year-end.

A _________________= L ____________________+ S.E. ___________________

b. What was your company's largest asset (net) at the end of the most recent year?

c. List the types of assets and liabilities your company has.

d. Describe in general terms what prepaid expenses are. Did your company report any prepaid expenses and other current assets account at the end of the most recent year? Where did you find this information?

e. Read the notes to financial statements. What method does your company use to determine the cost of its inventory?

f. Read the notes to financial statements. What method of deprecation does your company use?

g. What was the original cost of the property, plant and equipment held by your company at the end of the most recent year? What was the accumulated depreciation and amortization at the end of the most recent reporting year? (If the assigned company does not report the original cost of PP&E, use the net value of the property, plan, and equipment).

h. What is the amount of long-term liabilities at the end of the most recent reporting year?

i. List the accounts and amounts of your company's stockholders' equity.

All the information is provided in the link that is in the question. If you can't go to the link or need something specific please let me know

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