Refer to Apple's financial statements in Appendix A to answer the following. 1. Is Apple's statement of

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Refer to Apple's financial statements in Appendix A to answer the following.

1. Is Apple's statement of cash flows prepared under the direct method or the indirect method? How do you know?

2. For each fiscal year 2014, 2013, and 2012, is the amount of cash provided by operating activities more or less than the cash paid for dividends?

3. What is the largest amount in reconciling the difference between net income and cash flow from operating activities in fiscal 2014? In fiscal 2013? In fiscal 2012?

4. Identify the largest cash inflow and cash outflow for investing and for financing activities in fiscal 2014 and in fiscal 2013.


Apple's financial statements from Appendix A 

Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par va

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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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