Start your research by referring to Apples fiscal 2016 (September 24, 2016) in Appendix A of Wild Financial Accounting 9 edition textbook. Find the financial statement that lists the number of shares of common stock authorized, issued and outstanding. Note the name of that financial statement to include in your post. Here are the number of share information you should locate in the textbook Appendix:

Authorized: 12,600,000

Issued and outstanding 9/24/2016 5,336,166

Issued and outstanding 9/26/2015 5,578,753

How to find Apples fiscal 2018 annual financial statements. Suggested steps to follow: Search for Apple Investor Relations, SEC Filings, Annual Filings, 10-K.

For fiscal year-end 9/29/2018 and 9/30/2017 answer the following questions.

Name of the financial statement you are finding this information on (see above background)

How many shares of common stock are authorized?

How many shares of common stock are issued and outstanding for 9/29/2018?

How many shares of common stock are issued and outstanding for 9/30/2017?

If a financial statement reader wants to see the detail of change in a number of shares of stock from the beginning of each year to the end of each fiscal year, which financial statement would he/she refer to? Explain why Apples fiscal year-end does not always fall on the same day. Hint: Apples 10-K Part I, Item 1.

Apple Inc CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 26, 2015 September 24, 2016 ASSETS Current assets Cash and cash equivalents 20,484 21,120 Short-term marketable securities 46,671 20,481 Accounts receivable, less allowances of $53 and $63, respectively 15,754 16,849 Inventories 2,132 2,349 Vendor non-trade receivables 13,545 13,494 15,085 Other current assets 8,283 Total current assets 106,869 89,378 Long-term marketable securities 170,430 164,065 Property, plant and equipment, net 27,010 22,471 Goodwill 5,414 5,116 Acquired intangible assets, net 3,206 3,893 Other non-current assets 8,757 5,422 Total assets 321,686 290,345 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable 37,294 35,490 Accrued expenses 22,027 25,18 Deferred revenue 8,080 8,940 Commercial paper 8,105 8,499 Current portion of long-term debt 3,500 2,500 79,006 Total current liabilities 80,610 Deferred revenue, non-current 2,930 3,624 Long-term debt 75,427 53,329 Other non-current liabilities 36,074 33,427 Total liabilities 193,437 170,990 Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 5,336,166 and 5,578,753 shares issued and outstanding, respectively Retained earnings 31,25 27,416 96,364 92,284 Accumulated other comprehensive income (loss) 634 (345) Total shareholders' equity 128,249 119,355 Total liabilities and shareholders' equity 321,686 290,345 See accompanying Notes to Consolidated Financial Statements Apple Inc CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 24, 2016 September 26, 2015 September 27, 2014 Net sales 215,639 233,715 182,795 112,258 Cost of sales 131,376 84,263 140,089 93,626 Gross margin 70,537 Operating expenses Research and development 10,045 8,067 6,041 Selling, general and administrative Total operating expenses 14,329 22,396 11,993 18,034 14,194 24,239 52,503 Operating income Other income, net 60,024 71,230 1,348 1,285 980 Income before provision for income taxes 61,372 15,685 72,515 53,483 13,973 Provision for income taxes 19,121 Net income 45,687 S 53,394 39,510 Earnings per share: 9.28 Basic S 8.35 S 6.49 8.3 9.22 Diluted S S 6.45 Shares used in computing earnings per share: Basic 5,470,820 5,753,421 6,085,572 Diluted 5,500,281 5,793,069 6,122,663 Cash dividends declared per common share 2.18 $ S 1.82 1.98 See accompanying Notes to Consolidated Financial Statements Apple Inc CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions September 26, 2015 Years ended September 24, 2016 September 27, 2014 39,510 Net income 45,687 $ S 53,394 Other comprehensive income (loss) Change in foreign currency translation, net of tax effects of $8, $201 and $50, respectively 75 (137) (411 Change in unrealized gains/losses on derivative instruments: Change in fair value of derivatives, net of tax benefit (expense) of $(7), $(441) and $(297), respectively 7 2,905 1,390 Adjustment for net (gains) losses realized and included in net income, net of tax expense (benefit) of $131, $630 and $(36), respectively (741) (3,497) 149 Total change in unrealized gains/losses on derivative instruments, net of tax (734) (592) 1,539 Change in unrealized gains/losses on marketable securities: Change in fair value of marketable securities, net of tax benefit (expense) of $(863), $264 and $(153), respectively (483) 285 1,582 Adjustment for net (gains) losses realized and included in net income, net of tax expense (benefit) of $(31), $(32) and $71, respectively 59 56 (134) Total change in unrealized gains/losses on marketable securities, net of tax 151 1,638 (424) Total other comprehensive income (loss) 979 (1,427) 1,553 $ 51,967 S 41,063 Total comprehensive income S 46,666 See accompanying Notes to Consolidated Financial Statements. Apple Inc CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except number of shares which are reflected in thousands Accumulated Other Common Stock and Additional Paid -In Capital Total Comprehensive Retained Income Shareholders' Shares Amount Earnings (Loss) Equity 6,294,494 19,764 Balances as of September 28, 2013 104,256 (471) 123,549 Net income 39,510 39,510 1,553 Other comprehensive income (loss) 1,553 Dividends and dividend equivalents declared (11,215 (11,215) Repurchase of common stock Share-based compensation (45,000) (45,000) (488,677) 2,863 2,863 Common stock issued, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments 60,344 (49) (399) (448) 735 735 5,866,161 23,313 1,082 Balances as of September 27, 2014 87,152 111,547 Net income 53,394 53,394 Other comprehensive income (loss) (1,427) (1,427) Dividends and dividend equivalents declared (11,627) (11,627) (325,032) Repurchase of common stock (36,026) (36,026) 3,586 3,586 Share-based compensation Common stock issued, net of shares withheld for employce taxes Tax benefit from equity awards, including transfer pricing adjustments 37,624 (231) (609) (840) 748 748 Balances as of September 26, 2015 5,578,753 S 27,416 $ $ (345) $ 19,355 92,284 Net income 45,687 45,687 979 Other comprehensive income (loss 979 (12,188 Dividends and dividend equivalents declared (12,188) Repurchase of common stock (279,609) (29,000) (29,000) Share-based compensation 4,262 4,262 Common stock issued, net of shares withheld (806) for employee taxes 37,022 (419) (1,225) Tax benefit from equity awards, including transfer pricing adjustments 379 379 5,336,166 Balances as of September 24, 2016 31,251 96,364 634 128,249 See accompanying Notes to Consolidated Financial Statements. Apple Inc CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions September 24, 2016 September 27, 2014 Years ended September 26, 2015 Cash and cash equivalents, beginning of the year 21,120 3,844 14,259 S Operating activities: Nct income 45,687 53,394 39,510 Adjustments to reconcile net income by operating activities: cash generated 10,505 Depreciation and amortization 11,257 7,946 Share-based compensation expense 3,586 4,210 2,863 Deferred income tax expense 4,938 1,382 2,347 Changes in operating assets and liabilities: Accounts receivable, net 1,095 611 (4,232) Inventories 217 (238) (76) Vendor non-trade receivables (51) (3,735) (2,220) Other current and non-current assets 1,090 (179) 167 Accounts payable 1,79 5,400 5,938 Deferred revenue (1,554) 1,042 1,460 Other current and non-current liabilities (2,104) 8,746 6,010 Cash generated by operating activiies 65,824 81.266 59,713 Investing activities: (142,428) (217,128) Purchases of marketable securities (166,402) Proceeds from maturities of marketable securities Proceeds from sales of marketable securities 21,258 14,538 18,810 90,536 107,447 189,301 Payments made in connection wih business acquisitions, net (297) (343) (3,765) (12,734) Payments for acquisition of property, plant and equipment (11,247) (9,571) Payments for acquisition of intangible assets (814) (241) (242) Payments for strategic investments (1,388) (10) Other (110) (26) 26 Cash used in investing activities (45,977) (56,274) (22,579) Financing activities: Proceeds from issuance of common stock 495 543 730 Excess tax benefits from equity awards 407 749 739 Payments for taxes related to net share settlement of equity awards (1,570) (1,499) (1,158) Payments for dividends and dividend equivalents (12,150) (11,561 (11,126 Repurchases of common stock Proceeds from issuance of term debt, net Repayments of term debt (29,722) (35,253) (45,000) 11,960 24,954 27,114 (2,500) Change in commercial paper, net (397) 2,191 6,306 Cash used in financing activities (20,483) (17,716) (37,549) Increase (decrease) in cash and cash equivalents (636) 7,276 (415) 20,484 Cash and cash equivalents, end of the year 21,120 13,844 Supplemental cash flow disclosure: Cash paid for income taxes, net 10,444 13,252 10,026 Cash paid for interest 1,316 514 S 339 See accompanying Notes to Consolidated Financial Statements Apple Inc CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 26, 2015 September 24, 2016 ASSETS Current assets Cash and cash equivalents 20,484 21,120 Short-term marketable securities 46,671 20,481 Accounts receivable, less allowances of $53 and $63, respectively 15,754 16,849 Inventories 2,132 2,349 Vendor non-trade receivables 13,545 13,494 15,085 Other current assets 8,283 Total current assets 106,869 89,378 Long-term marketable securities 170,430 164,065 Property, plant and equipment, net 27,010 22,471 Goodwill 5,414 5,116 Acquired intangible assets, net 3,206 3,893 Other non-current assets 8,757 5,422 Total assets 321,686 290,345 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable 37,294 35,490 Accrued expenses 22,027 25,18 Deferred revenue 8,080 8,940 Commercial paper 8,105 8,499 Current portion of long-term debt 3,500 2,500 79,006 Total current liabilities 80,610 Deferred revenue, non-current 2,930 3,624 Long-term debt 75,427 53,329 Other non-current liabilities 36,074 33,427 Total liabilities 193,437 170,990 Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 5,336,166 and 5,578,753 shares issued and outstanding, respectively Retained earnings 31,25 27,416 96,364 92,284 Accumulated other comprehensive income (loss) 634 (345) Total shareholders' equity 128,249 119,355 Total liabilities and shareholders' equity 321,686 290,345 See accompanying Notes to Consolidated Financial Statements Apple Inc CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 24, 2016 September 26, 2015 September 27, 2014 Net sales 215,639 233,715 182,795 112,258 Cost of sales 131,376 84,263 140,089 93,626 Gross margin 70,537 Operating expenses Research and development 10,045 8,067 6,041 Selling, general and administrative Total operating expenses 14,329 22,396 11,993 18,034 14,194 24,239 52,503 Operating income Other income, net 60,024 71,230 1,348 1,285 980 Income before provision for income taxes 61,372 15,685 72,515 53,483 13,973 Provision for income taxes 19,121 Net income 45,687 S 53,394 39,510 Earnings per share: 9.28 Basic S 8.35 S 6.49 8.3 9.22 Diluted S S 6.45 Shares used in computing earnings per share: Basic 5,470,820 5,753,421 6,085,572 Diluted 5,500,281 5,793,069 6,122,663 Cash dividends declared per common share 2.18 $ S 1.82 1.98 See accompanying Notes to Consolidated Financial Statements Apple Inc CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions September 26, 2015 Years ended September 24, 2016 September 27, 2014 39,510 Net income 45,687 $ S 53,394 Other comprehensive income (loss) Change in foreign currency translation, net of tax effects of $8, $201 and $50, respectively 75 (137) (411 Change in unrealized gains/losses on derivative instruments: Change in fair value of derivatives, net of tax benefit (expense) of $(7), $(441) and $(297), respectively 7 2,905 1,390 Adjustment for net (gains) losses realized and included in net income, net of tax expense (benefit) of $131, $630 and $(36), respectively (741) (3,497) 149 Total change in unrealized gains/losses on derivative instruments, net of tax (734) (592) 1,539 Change in unrealized gains/losses on marketable securities: Change in fair value of marketable securities, net of tax benefit (expense) of $(863), $264 and $(153), respectively (483) 285 1,582 Adjustment for net (gains) losses realized and included in net income, net of tax expense (benefit) of $(31), $(32) and $71, respectively 59 56 (134) Total change in unrealized gains/losses on marketable securities, net of tax 151 1,638 (424) Total other comprehensive income (loss) 979 (1,427) 1,553 $ 51,967 S 41,063 Total comprehensive income S 46,666 See accompanying Notes to Consolidated Financial Statements. Apple Inc CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except number of shares which are reflected in thousands Accumulated Other Common Stock and Additional Paid -In Capital Total Comprehensive Retained Income Shareholders' Shares Amount Earnings (Loss) Equity 6,294,494 19,764 Balances as of September 28, 2013 104,256 (471) 123,549 Net income 39,510 39,510 1,553 Other comprehensive income (loss) 1,553 Dividends and dividend equivalents declared (11,215 (11,215) Repurchase of common stock Share-based compensation (45,000) (45,000) (488,677) 2,863 2,863 Common stock issued, net of shares withheld for employee taxes Tax benefit from equity awards, including transfer pricing adjustments 60,344 (49) (399) (448) 735 735 5,866,161 23,313 1,082 Balances as of September 27, 2014 87,152 111,547 Net income 53,394 53,394 Other comprehensive income (loss) (1,427) (1,427) Dividends and dividend equivalents declared (11,627) (11,627) (325,032) Repurchase of common stock (36,026) (36,026) 3,586 3,586 Share-based compensation Common stock issued, net of shares withheld for employce taxes Tax benefit from equity awards, including transfer pricing adjustments 37,624 (231) (609) (840) 748 748 Balances as of September 26, 2015 5,578,753 S 27,416 $ $ (345) $ 19,355 92,284 Net income 45,687 45,687 979 Other comprehensive income (loss 979 (12,188 Dividends and dividend equivalents declared (12,188) Repurchase of common stock (279,609) (29,000) (29,000) Share-based compensation 4,262 4,262 Common stock issued, net of shares withheld (806) for employee taxes 37,022 (419) (1,225) Tax benefit from equity awards, including transfer pricing adjustments 379 379 5,336,166 Balances as of September 24, 2016 31,251 96,364 634 128,249 See accompanying Notes to Consolidated Financial Statements. Apple Inc CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions September 24, 2016 September 27, 2014 Years ended September 26, 2015 Cash and cash equivalents, beginning of the year 21,120 3,844 14,259 S Operating activities: Nct income 45,687 53,394 39,510 Adjustments to reconcile net income by operating activities: cash generated 10,505 Depreciation and amortization 11,257 7,946 Share-based compensation expense 3,586 4,210 2,863 Deferred income tax expense 4,938 1,382 2,347 Changes in operating assets and liabilities: Accounts receivable, net 1,095 611 (4,232) Inventories 217 (238) (76) Vendor non-trade receivables (51) (3,735) (2,220) Other current and non-current assets 1,090 (179) 167 Accounts payable 1,79 5,400 5,938 Deferred revenue (1,554) 1,042 1,460 Other current and non-current liabilities (2,104) 8,746 6,010 Cash generated by operating activiies 65,824 81.266 59,713 Investing activities: (142,428) (217,128) Purchases of marketable securities (166,402) Proceeds from maturities of marketable securities Proceeds from sales of marketable securities 21,258 14,538 18,810 90,536 107,447 189,301 Payments made in connection wih business acquisitions, net (297) (343) (3,765) (12,734) Payments for acquisition of property, plant and equipment (11,247) (9,571) Payments for acquisition of intangible assets (814) (241) (242) Payments for strategic investments (1,388) (10) Other (110) (26) 26 Cash used in investing activities (45,977) (56,274) (22,579) Financing activities: Proceeds from issuance of common stock 495 543 730 Excess tax benefits from equity awards 407 749 739 Payments for taxes related to net share settlement of equity awards (1,570) (1,499) (1,158) Payments for dividends and dividend equivalents (12,150) (11,561 (11,126 Repurchases of common stock Proceeds from issuance of term debt, net Repayments of term debt (29,722) (35,253) (45,000) 11,960 24,954 27,114 (2,500) Change in commercial paper, net (397) 2,191 6,306 Cash used in financing activities (20,483) (17,716) (37,549) Increase (decrease) in cash and cash equivalents (636) 7,276 (415) 20,484 Cash and cash equivalents, end of the year 21,120 13,844 Supplemental cash flow disclosure: Cash paid for income taxes, net 10,444 13,252 10,026 Cash paid for interest 1,316 514 S 339 See accompanying Notes to Consolidated Financial Statements