Using the Annual Report of Apple answer the following questions in the Discussion. Post the link to the statement with your discussion post. You may use a service such as Yahoo Finance to help research industry averages. The notes to the financial statements will also be of use in answering the discussion questions. For many of the ratios in the discussion, you will need 2-3 years' worth of financial data. Here is a possible website to use for the annual report...http://investor.apple.com/secfiling.cfm?filingid=1628280-16-20309&cik=320193

What are adjusting entries and why are they necessary?

In your chosen company, which accounts might require adjusting entries?

Why is it unethical not to record adjusting entries when required? What difference does it make?

What is the purpose of an adjusted trial balance?