Use Apples financial statements in Appendix A to answer the following. Apples long- term debt is called

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Use Apple’s financial statements in Appendix A to answer the following.

Apple’s long- term debt is called “Term debt” under non-current liabilities.

1. Identify Apple’s long-term debt as reported on its balance sheet at

(a) September 28, 2019, and

(b) September 29, 2018.

2. Calculate the percentage change in long-term debt from September 29, 2018, to September 28, 2019.

3. If Apple’s reported long-term debt continues on the current trend, do we expect total interest expense to increase or decrease?

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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Question Posted: Oct 26, 2021 01:54 AM

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Use Apples financial statements in Appendix A to answer the following. Apples long- term debt is called

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