Refer to the financial statements of Apple Inc. in Appendix A. Instructions for accessing and using the
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Instructions
(a) What were Apple’s total long-term liabilities at September 24, 2011? What was the increase/decrease in total long-term liabilities from the prior year?
(b) Determine whether Apple redeemed (bought back) any long-term liabilities during the fiscal year ended September 24, 2011.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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