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Apple Inc. operates multiple divisions, including iPhone, Mac, iPad, Wearables, and Services. For the year ended September 30, 2023, the company reported the following financial
Apple Inc. operates multiple divisions, including iPhone, Mac, iPad, Wearables, and Services. For the year ended September 30, 2023, the company reported the following financial information:
- Total revenue: $300 billion
- Total assets: $400 billion
- Total liabilities: $200 billion
- Total equity: $200 billion Allocate the total assets, liabilities, and equity to each division based on their revenue contributions and prepare a balanced balance sheet for Apple Inc.
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Governmental and Nonprofit Accounting
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
10th edition
978-0132751261
