Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can anyone help me fill this out using Apple's 2020 Annual Report! List. The overview will require students to complete each step from CP 13-3
can anyone help me fill this out using Apple's 2020 Annual Report!
List. The overview will require students to complete each step from CP 13-3 found on page 675 of the textbook as well as two more details found in the selected company's 2020 annual report. The additional two details will require students to (1) indicate the manner of presenting the statement of cash flows (direct method or indirect method), and (2) identify at least one contingent liability for the selected company from the notes to the financial statements. Every company on the Fortune 500 list has contingent liabilities and the statement of cash flows is a required financial statement according to GAAP. 1) Company Information a) Company's Name: Apple b) State of Incorporation c) Nature of Operations 2) Financial Information a) Total Assets b) Total Liabilities c) Total Stockholders' Equity d) Total Revenues e) Net Income 3) Stock Information a) Common Stock i) Authorized Shares ii) Issued Shares iii) Outstanding Shares b) Par Value Per Share i) Common Stock c) Earnings Per Share i) Basic EPS ii) Diluted EPS d) Dividend Per Share 4) Miscellaneous Information a) Cash Flows Presentation b) Contingent Liabilities Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started