The fi nancial statements of Apple Inc. are presented in Appendix A. Instructions for accessing and using the company’s complete annual report, including the notes to its fi nancial statements, are also provided in Appendix A.

Instructions Using the fi nancial statements and reports, answer these questions about Apple’s internal controls and cash.

(a) What comments, if any, are made about cash in the “Report of Independent Registered Public Accounting Firm”?

(b) What data about cash and cash equivalents are shown in the consolidated balance sheet (statement of fi nancial position)?

(c) What activities are identifi ed in the consolidated statement of cash fl ows as being responsible for the changes in cash during 2014?

(d) How are cash equivalents defi ned in the Notes to Consolidated Financial Statements?

(e) Read the section of the report titled “Management’s Report on Internal Control Over Financial Reporting.” Summarize the statements made in that section of the report.