Question
From apple inc form 10k link: https://www.sec.gov/Archives/edgar/data/320193/000119312513416534/d590790d10k.htm (1) Balance Sheet: a. Using the 10-K, show that the fundamental accounting equation, Assets = Liabilities + Stockholders'
From apple inc form 10k link: https://www.sec.gov/Archives/edgar/data/320193/000119312513416534/d590790d10k.htm
(1) Balance Sheet:
a. Using the 10-K, show that the fundamental accounting equation, Assets = Liabilities + Stockholders' Equity, is true for your company at the end of the most recent year-end.
A _________________= L ____________________+ S.E. ___________________
b. What was your company's largest asset (net) at the end of the most recent year?
c. List the types of assets and liabilities your company has.
d. Describe in general terms what prepaid expenses are. Did your company report any prepaid expenses and other current assets account at the end of the most recent year? Where did you find this information?
e. Read the notes to financial statements. What method does your company use to determine the cost of its inventory?
f. Read the notes to financial statements. What method of deprecation does your company use?
g. What was the original cost of the property, plant and equipment held by your company at the end of the most recent year? What was the accumulated depreciation and amortization at the end of the most recent reporting year?
h. What is the amount of long-term liabilities at the end of the most recent reporting year?
i. List the accounts and amounts of your company's stockholders' equity.
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