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Apple 1 0 - K . pdf Financial Statements: 1 . Are there any line items on the income statement ( i . e .

Apple 10-K.pdf
Financial Statements:
1. Are there any line items on the income statement (i.e., Consolidated Statements of Operations) that indicate they have investments (chapter 12) and/or debt, warranties, and contingencies (chapters 13 & 14)? If so, please identify item(s), amount, and which chapter it relates to.
2. Are there any line items on the Consolidated Statements of Comprehensive Income that indicate they have investments (chapter 12) and/or debt, warranties, and contingencies (chapters 13 & 14)? If so, please identify item(s), amount, and which chapter it relates to.
3. Are there any line items on the Consolidated Balance Sheets that indicate they have investments (chapter 12) and/or debt, warranties, and contingencies (chapters 13 & 14)? If so, please identify item(s), amount, and which chapter it relates to.
4. Are there any line items on the Consolidated Statements of Cash Flows that indicate they have investments (chapter 12) and/or debt, warranties, and contingencies (chapters 13 & 14)? If so, please identify item(s), amount, and which chapter it relates to.
ncial Statements (only discuss current year):
5. Note 1 Summary of Significant Accounting Policies: Does Apple disclose any significant accounting policies for topics covered in Chapters 12 through 14? If so, please identify.
6. Find the note(s) where Apple discloses information on investments.
a. Identify the investments and amounts that are debt securities and the investments that are equity securities.
b. Which investments use fair value?
c. For the investments using fair value, how much in unrealized gains and losses are recognized in current year? How much is recognized in the income statement and how much is recognized in other comprehensive income?
7. Find the note(s) where Apple discloses information on Term Debt.
a. Is the debt secured or unsecured?
b. What is the total principal (face value) of the debt and how much is classified as current?
c. What is the range of effective interest rates, what is the range of stated rates?
d. Based on the information in the note, how can you determine whether the majority of debt was issued at premiums or discounts?
e. What is the interest expense for the year?
8. Find the note(s) where Apple discloses information on contingencies, including warranties.
a. Does the company discuss any contingencies that are probable. Please explain.
b. Since Apple sells physical products (i.e., hardware), does the company discuss any warranties. Please explain.

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