Loose Leaf for Fundamental Accounting Principles
Loose Leaf for Fundamental Accounting Principles
23rd Edition
ISBN: 9781259687709
Author: John J Wild, Ken Shaw Accounting Professor, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
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Chapter 15, Problem 5BTN
To determine

To determine:

1. How does the “cost-basis” total amount for its investments as of June 30, 2015, compare to the prior year-end amount?

2. Identify at least eight types of short-term investments held by Microsoft as of June 30, 2015.

3. What were Microsoft’s unrealized gains and its unrealized losses from its investments for 2015?

4. Was the cost or fair value of the investments higher as of June 30, 2015?

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Loose Leaf for Fundamental Accounting Principles

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