What amount did Apple report as Other comprehensive earnings in its consolidated statement of comprehensive income ending
Question:
What amount did Apple report as “Other comprehensive earnings” in its consolidated statement of comprehensive income ending September 26, 2020? By what percentage did Apple’s “Comprehensive income” differ from its “Net income”?
Step by Step Answer:
Apple reported Total other compr...View the full answer
Accounting Tools For Business Decision Making
ISBN: 9781119791058
8th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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Financial statements of a business having numerous divisions or subsidiaries are called consolidated financial statements. Companies frequently refer to the aggregated reporting of their entire firm together when using the term \"consolidated\" in financial statement reporting. Consolidated financial statement reporting, on the other hand, is defined by the Financial Accounting Standards Board as the reporting of an entity that is organized with a parent company and subsidiaries.
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