to "Prof. Atkins PHD: only
sharglhHome Work Due Thursday May 5
Time: 22:00
Discussion:
As required by GAAP [FASB ASC 320, previously SFAS No. 115], Microsoft Corporation reports its investments available-for-sale at the fair value of the investment securities. The net unrealized holding gain is not reported in the income statement. Instead, it's reported as part of Other comprehensive income and added to Accumulated other comprehensive income in shareholders' equity.
Comprehensive income is a broader view of the change in shareholders' equity than traditional net income, encompassing all changes in equity from non-owner transactions. Microsoft chose to report its Other comprehensive income as a separate statement in a disclosure note in its annual report: MSFT Annual Report 2011
What does Microsoft mean by the term “Reclassification adjustment for gains (losses) included in net income”? Can you think of an instance where reclassification adjustment could be used unethically?
Check the link:
https://www.microsoft.com/investor/reports/ar11/financial_review/other_comprehensive_income.html
10 years ago
20
Purchase the answer to view it
reclassification_adjustments_for_gains.doc
- project 5
- Define each principles of Darwin's theory and explain their role in evolution
- Mid-Term Exam
- 500 word paper
- Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product. Brazil produces 100,000 units of clothing per year and 50,000 cans of soda. The United States produces 65,000 units of clothing per year and 25
- Health Services question Conducting an Environmental Analysis
- For Nyanya only, here is my assignment.
- Criminal Investigation I.P. 3
- community hospital
- Integumentary System Worksheet
