Assume Microsoft Corporation reports the following balances for the prior-year balance sheet and current-year income statement ($ millions). Prepare the articulation of Microsoft’s financial statements for fiscal years 2014 and 2015. Balance Sheet, June 30, 2014Income Statement, For Year Ended June 30, 2015AssetsRevenuesExpenses.$93,58081,387Cash .Noncash assets$ 8,669163,715Net income$12,193Total assets. .$172,384Liabilities and equityTotal liabilitiesS 82,600Statement of Cash Flows, For Year Ended June 30, 2015EquityContributed capital.Retained earnings.Other stockholders' equity.Liabilities and equity..Operating cash flowsInvesting cash flows.Financing cash flows$29,080(23,001)(9,153)68,36617,7103,708$172,384Notes:1: Stock issuances for the year are $99.2. Dividends for the year are $10,063.3. Other decreases in retained earnings are $10,744.4. Change in other stockholders' equity for the year is $(1,186).

Articulation of Financial Statements it is the process of describing the financial statements of a…

Balance Sheet, June 30, 2014 Income Statement, For Year Ended June 30, 2015 Assets $93,580 81,387 Revenues. $ 8,669 163,715 Expenses. Cash. Noncash assets Net income $12,193 Total assets.. $172,384 Liabilities and equity $ 82,600 Statement of Cash Flows, For Year Ended June 30, 2015 Total liabilities. Equity Contributed capital. Retained earnings Other stockholders' equity 68,366 17,710 3,708 Operating cash flows. Investing cash flows. Financing cash flows. $29,080 (23,001) (9,153) Liabilities and equity... $172,384 Notes:1. Stock issuances for the year are $99. 2. Dividends for the year are $10,063. 3. Other decreases in retained earnings are $10,744. 4. Change in other stockholders' equity for the year is $(1,186).

Balance Sheet, June 30, 2014 Income Statement, For Year Ended June 30, 2015 Assets $93,580 81,387 Revenues. $ 8,669 163,715 Expenses. Cash. Noncash assets Net income $12,193 Total assets.. $172,384 Liabilities and equity $ 82,600 Statement of Cash Flows, For Year Ended June 30, 2015 Total liabilities. Equity Contributed capital. Retained earnings Other stockholders' equity 68,366 17,710 3,708 Operating cash flows. Investing cash flows. Financing cash flows. $29,080 (23,001) (9,153) Liabilities and equity... $172,384 Notes:1. Stock issuances for the year are $99. 2. Dividends for the year are $10,063. 3. Other decreases in retained earnings are $10,744. 4. Change in other stockholders' equity for the year is $(1,186).

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 32BE

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