Consequently, creditors, lenders and investors use a balance sheet when determining whether the firm is liquid enough to pay debts. A balance sheet lays out the ending balances in a…

Reducing total operating expenses from total revenue leads to operating income of $109.4 billion ($245.1 billion - $135.7 billion). This figure represents the earnings before interest and taxes (EBIT) for Microsoft's…

Per US GAAP, the PPE is recorded at the historical cost and required to change the value in the financial statements even if the market value of assets increases or…