I Income Statement II Balance Sheet III Statement of Cash Flows

Select three items from financial statements I - III, and state how the items contribute to a firms performance. See Figure 1 for an example.

Page of 4 ZOOM + 4. State the amount of cash holdings Apple reported in their 2020 annual report (10-k)/ and state Apple's plan to disburse cash holdings for 2020 and beyond. Part 2: Understanding financial statement items 1. State the purpose and information revealed about each of the four financial reports I Income Statement II Balance Sheet III Statement of Cash Flows IV Statement of Changes in Equity 2. Select three items from financial statements I - III, and state how the items contribute to a firm's performance. See Figure 1 for an example. Statement Item Contribution to performance Higher tax expenses causes total expenses to increase and profit to decrease Income Statement Tax Expense Figure 1: Construct of an item's contribution to performance Part 3: References Alphabetically list all sources cited in this assessment. URLs should not be underlined and should be book-ended with . Harvard referencing is a must. Start references on a new page. Consider only cash and cash equivalents; exclude marketable securities 3