BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

Solutions

Chapter
Section
BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
1 views

Case 4-68 Researching and Analysis Using the Annual Report

Obtain Microsoft’s June 30, 2016, 10-K either through the "lnvestor Relations" portion of its website (do a search for Microsoft investor relations) or go to www.sec.gov and click "Company Filings Search" under "Filings."

Required:

2. What is Microsoft’s definition of a cash equivalent (see Note 1 under the “Financial Instruments” heading)? Does this appear consistent with other companies' definitions?

To determine

Concept Introduction:

Cash and Cash Equivalents:

Cash is the category that includes currency, coins, and deposits in bank accounts. Cash Equivalent is the category which includes short term and highly liquid assets which are readily convertible into cash. Liquidity is the term used for company’s ability of payoff its liabilities.

To Indicate:

The definition of Cash and Cash Equivalents for Microsoft.

Explanation

Cash is the category that includes currency, coins, and deposits in bank accounts. Cash Equivalent is the category which includes short term and highly liquid assets which are readily convertible into cash. Liquidity is the term used for company’s ability of payoff its liabilities...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

Should an economic model describe reality exactly?

Brief Principles of Macroeconomics (MindTap Course List)

Give three examples of important trade-offs that you face in your life.

Principles of Microeconomics (MindTap Course List)

What are the differences between Internal and external recruiting?

Foundations of Business (MindTap Course List)

What is physical independence?

Database Systems: Design, Implementation, & Management

What is a Tier I ERP software vendor?

Principles of Information Systems (MindTap Course List)

Briefly define the term business process reengineering.

Principles of Information Systems (MindTap Course List)

What should be done to remove rust, corrosion, pit ting, and scratches from the piston bore?

Automotive Technology: A Systems Approach (MindTap Course List)

Use VBA to create a custom-made dialog box for Problem 14.11. 14.11 As we explained in Chapter 7, the air resis...

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

Which of the systems are equivalent to the force-couple system in (a)?

International Edition---engineering Mechanics: Statics, 4th Edition

List the steps involved in installing programs.

Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)