Question
Financial Reporting Problem: Apple Inc. The financial statements of Apple Inc. are presented in Appendix A. The complete annual report, including the notes to
Financial Reporting Problem: Apple Inc. The financial statements of Apple Inc. are presented in Appendix A. The complete annual report, including the notes to the financial statements, is available at the company's website. Instructions a. Using the consolidated financial statements and related information, identify items that may result in adjusting entries for prepayments. b. Using the consolidated financial statements and related information, identify items that may result in adjusting entries for accruals. c. What has been the trend since 2016 for net income?
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