The stockholders' equity section of Apple lnc.'s balance sheet is shown in the Consolidated Statement of Financial
Question:
The stockholders' equity section of Apple lnc.'s balance sheet is shown in the Consolidated Statement of Financial Position in Appendix A. Apple's complete annual report, including the notes to the financial statements, is available at the company's website.
Instructions
Refer to Apple's financial statements to determine the amount, if any, that Apple declared in dividends on common stock in the year ended September 28, 2019.
Total shareholders' equity, beginning balances Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (in millions, except per share amounts) Common stock and additional paid-in capital: Beginning balances Common stock issued Common stock withheld related to net share settlement of equity awards Share-based compensation Tax benefit from equity awards, including transfer pricing adjustments Ending balances Retained earnings: Beginning balances Net income Dividends and dividend equivalents declared Common stock withheld related to net share settlement of equity awards Common stock repurchased Cumulative effects of changes in accounting principles Ending balances Accumulated other comprehensive income/(loss): Beginning balances Other comprehensive income/(loss) Cumulative effects of changes in accounting principles Ending balances Total shareholders' equity, ending balances Years ended September 28, September 29, September 30, 2019 2018 2017 $ 107,147 $ 134,047 $ 128,249 40,201 781 (2,002) 6,194 45,174 70,400 55,256 (14,129) (1,029) (67,101) 2,501 45,898 (3,454) 2,781 89 (584) $ 90,488 35,867 669 (1,778) 5,443 40,201 98,330 59,531 (13,735) (948) (73,056) 278 70,400 (150) (3,026) (278) (3,454) $ 107,147 31,251 555 (1,468) 4,909 620 35,867 96,364 48,351 (12,803) (581) (33,001) 98,330 634 (784) (150) $ 134,047
Step by Step Answer:
ANSWER In the year ended September 28 2019 Apple declared 14129 million in dividends on ...View the full answer
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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