Analysis of Apple, Inc. September 25, 2010 financial reports

4. As shown in the Note 2 excerpts, what effect did the retrospective application of the new accounting principle have on Apples fiscal 2009 net income?

September 26, 2009 Adjustment: As Reported As Amended S $ 5,263 18,201 3,361 455 2,101 6,884 36,265 10,528 2.954 206 247 3,651 53,851 (966) (3,744) (4.710) $ 5,263 18,201 3.361 455 1,135 3,140 31,555 10,528 2.954 206 247 2,011 $ 47,501 (1.640) $ (6,350 Current assets: Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowance of $52 Inventories Deferred tax assets Other current assets Total current assets Long-term marketable securities Property, plant and equipment, net Goodwill Acquired intangible assets, net Other assets Total assets Current liabilities: Accounts payable Accrued expenses Deferred revenue Total current liabilities Deferred revenue - non-current Other non-current liabilities Total liabilities Commitments and contingencies Shareholders' equity: Common stock, no par value; 1.800.000.000 shares authorized: 899,805,500 shares issued and outstanding Retained eamings Accumulated other comprehensive income Total shareholders' equity Total liabilities and shareholders' equity $ 5,601 3,376 10,305 19,282 4,485 2.252 26,019 $ 476 (8.252) (7,776) (3,632) 1,250 (10,158) $ 5,601 3,852 2,053 11,506 853 3,502 15,861 8.210 23,353 8,210 19,538 84 27,832 $ 53,851 3,815 () 3,808 S (6,350) 31,640 $ 47,501 September 26, 2009 Adjustment: As Reported As Amended S $ 5,263 18,201 3,361 455 2,101 6,884 36,265 10,528 2.954 206 247 3,651 53,851 (966) (3,744) (4.710) $ 5,263 18,201 3.361 455 1,135 3,140 31,555 10,528 2.954 206 247 2,011 $ 47,501 (1.640) $ (6,350 Current assets: Cash and cash equivalents Short-term marketable securities Accounts receivable, less allowance of $52 Inventories Deferred tax assets Other current assets Total current assets Long-term marketable securities Property, plant and equipment, net Goodwill Acquired intangible assets, net Other assets Total assets Current liabilities: Accounts payable Accrued expenses Deferred revenue Total current liabilities Deferred revenue - non-current Other non-current liabilities Total liabilities Commitments and contingencies Shareholders' equity: Common stock, no par value; 1.800.000.000 shares authorized: 899,805,500 shares issued and outstanding Retained eamings Accumulated other comprehensive income Total shareholders' equity Total liabilities and shareholders' equity $ 5,601 3,376 10,305 19,282 4,485 2.252 26,019 $ 476 (8.252) (7,776) (3,632) 1,250 (10,158) $ 5,601 3,852 2,053 11,506 853 3,502 15,861 8.210 23,353 8,210 19,538 84 27,832 $ 53,851 3,815 () 3,808 S (6,350) 31,640 $ 47,501