Question: Refer to Apples financial statements in Appendix A. Identify Apples net income for the year ended December 31, 2009. Is its net income equal to

Refer to Apple’s in Appendix A. Identify Apple’s net income for the year ended December 31, 2009. Is its net income equal to the increase in cash and cash equivalents for the year? Explain the difference between net income and the increase in cash and cash equivalents.

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