The financial statements of Apple Inc. are presented in Appendix D. The complete annual report, including the

Question:

The financial statements of Apple Inc. are presented in Appendix D. The complete annual report, including the notes to its financial statements, is available at the company’s website.

Instructions
Use the company’s annual report to answer the following questions.
a. Determine the following amounts at December 31, 2016: (1) total stockholders’ equity and (2) number of treasury shares.
b. Examine the stockholders’ equity section of the company’s balance sheet. For each of the following, provide the comparable label that would be used under IFRS: (1) common stock and (2) paid-in capital in excess of par.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...

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