Financial Statements. Generally Accepted Accounting Term Paper

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MICROSOFT: No terrorist is going to try to blow up Microsoft; no oil products are needed to run computer hardware and software; computers run the world of commerce; and Bill Gates owns a huge percentage of all things computer software-related, so the Microsoft steamroller is a great investment and not as vulnerable to world conditions as are the first two companies reviewed in this section.

One final conclusion: for EXXONMOBIL, albeit their fortunes can change because of the war and oil's vulnerability to war, their earnings for the 4th quarter of 2004 were their highest ever ($8,420 million), and they have friends in the White House in Bush and Cheney, so their financial picture remains very bright; for FORD, they experienced a $5 billion pre-tax profit from their "financial services" (auto loans) division, which is very impressive; moreover, car sales are booming and Ford will, in the near future, realize additional sales from their "hybrid" car, so they remain a blue-chip stock in anyone's book. And as for the MICROSOFT picture, they raked in record revenue of $10.82 billion for the quarter ending December 31, 2004 (their fiscal years begins July 1), which was a 7% increase over the previous year's 4th Quarter results.

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