please answer 1-3

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA INCOME STATEMENTS (In millions, except per share amounts) Refer to accompanying hotes: (tn millions) June 30, Assets Current assets: Cash and cash equivalents Current liabilities: Accounts payable Current portion of long-term debt Accrued compensation Short-tem income taxes Short-tem uneamed revenue Other current liabilities Total current liabilities ong-tem debt ong-term income taxes ong-term uneamed revenue Deferred income taxes. Operating lease liabilities Other long-term liabilities Total liabilities Commitments and contingencies Stockholders' equity Stockholders' equity Refer to accompanying notes KASHFFLOWS STATEMENTS (tn mielions) Refer to accompanying notes. The amount that Apple's customers owe the company from credit sales has over the last two balance sheet dates. a. decreased b. increased c. stayed the same d. cannot be determined QUESTION 7 When Apple collects an accounts receivable from a customer: a. Net sales on the income statement is increased and accounts receivable on the balance sheet is increased. b. Net sales on the income statement is increased and accounts receivable on the balance sheet is decreased. c. Total assets are decreased on the balance sheet and net income on the income statement is increased. d. Total assets are unchanged on the balance sheet and the income statement is not affected. The amount of Apple's total assets decreases when the company write-offs uncollectible accounts receivable from a customer. True False