Question

The financial statements of Apple Inc. are presented in Appendix A at the end of this textbook.
Instructions for accessing and using the company’s complete annual report, including the notes to the financial statements, are also provided in Appendix A.

Instructions
(a) What comments, if any, are made about cash in the report of the independent registered public accounting firm?
(b) What data about cash and cash equivalents are shown in the consolidated balance sheet?
(c) In its notes to Consolidated Financial Statements, how does Apple define cash equivalents?
(d) In management’s Annual Report on Internal Control over Financial Reporting (Item 9), what does Apple’s management say about internal control?



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  • CreatedJanuary 30, 2014
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