Financial statements often serve as a starting point in formulating budgets. Review Apple’s financial statements in Appendix A to determine its cash paid for acquisitions of property, plant, and equipment.

Required

1. Which financial statement reports the amount of cash paid for acquisitions of property, plant, and equipment? In which section(operating, investing, or financing) of this statement is the information reported?

2. Indicate the amount of cash paid for acquisitions of property and equipment in the year ended September 30, 2017.