a) What are the “Different Sources of Income” does Apple recognizes as a result of the existence of the I-Phone as a product.
b) Why does it behoove Apple to introduce new versions of the product?
c) What is the impact of the Apple being available thru different carriers?
d) Several years ago an accounting change impacted the way in which Apple recognized revenue on the sale of the I-phone. What was the nature of the change and why was it implemented.
e)            You have retained a contractor to build an addition on your home. What kind of problems can result from your paying a deposit for the work you are contracting to have done? Please look at this issue from the standpoint of your money, and then from the standpoint of the books of the contractor.

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b Apple intoduces new product because it wants to stay in competition in the market because there are other rival companys like Samsung which might takeover if they stop the innovation Here in apple t... View the full answer