statement of cash flows

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1、c13StatementofCashFlows.inddPage64424/08/113:24PMuser-F391/Users/user-F391/DesktopStatementofChapter13CashFlowsFeatureStoryGotCash?cashroughly$1billionpermonththatitcannotalwaysfigureoutwhatIntodaysenvironment,companiestodowithit.Atonetime,Microsoftmustbereadytorespondtochangeshadaccumulated$60bill

2、ion.quicklyinordertosurviveandthrive.ThecompanysaiditwasaccumulatingThisrequiresthattheymanagetheircashtoinvestinnewopportunities,cashverycarefully.Onecompanythatbuyothercompanies,andpayoffmanagedcashsuccessfullyinitsearlypendinglawsuits.Butformanyyears,yearswasMicrosoft.Duringthosethefederalgover

3、nmentblockedyears,thecompanypaidmuchofitsattemptsbyMicrosofttobuyanythingpayrollwithstockoptions(rightstootherthansmallfirmsbecauseitpurchasecompanystockinthefuturefearedthatpurchaseofalargefirmatagivenprice)insteadofcash.ThiswouldonlyincreaseMicrosoftsstrategyconservedcashandturnedmonopolisticposit

4、ion.morethanathousandofitsemployeesintomillionairesduringthecompanysMicrosoftsstockholdershavecom-first20yearsofbusiness.plainedforyearsthatholdingallthiscashwasputtingadragontheInrecentyears,Microsofthashadacompanysprofitability.Why?Becausedifferentkindofcashproblem.NowMicrosofthadthecashinvestedin

5、verythatithasreachedamorematurelow-yieldinggovernmentsecurities.stageinlife,itgeneratessomuch✔TheNavigatorLearningObjectivesScanLearningObjectivesAfterstudyingthischapter,youshouldbeableto:ReadFeatureStory1Indicatetheusefulnessofthestatementofcashflows.ReadPreview2Distinguishamongoperating,investin

6、g,andfinancingReadtextandanswerDOIT!p.649activities.p.657p.660p.6633Prepareastatementofcashflowsusingtheindirectmethod.WorkComprehensiveDOIT!1p.6644Analyzethestatementofcashflows.ReviewSummaryofLearningObjectives✔TheNavigatorWorkComprehensiveDOIT!2p.680AnswerSelf-TestQuestionsCompleteAssignmentsGotoW

7、ileyPLUSforpracticeandtutorialsReadALookatIFRSp.706644c13StatementofCashFlows.inddPage64525/08/112:57PMuser-F391/Users/user-F391/DesktopStockholdersfeltthatthecompanyeithershouldfindnew$44.6billion(Yahoo!declinedt