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How much research and development expenses was incurred

   

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Reference no: EM132749715

Problem 1: Management’s Discussion and Analysis (MD&A): How much Research and Development (R&D) expenses was incurred as a percent of revenue in 2014?

a. 11%

b. 12%

c. 13%

d. 14%

Problem 2: Critical Accounting Estimates: How were inventories accounted for by Microsoft?

a. First-In-First-Out (FIFO), subject to lower of cost or market

b. Last-In-Last-Out (LIFO), subject to lower of cost or net realizable value

c. Average cost, subject to lower of cost or market

d. Average cost, subject to lower of cost or net realizable value

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