Bonds

Long$-$Term Liabilities $-$ Financial Reporting Problem: Apple ${?}^{*},$ Inc.

For this week's discussion topic, you must download Apple's annual report located under course resources, and answer the following questions:

What were Apple's total long$-$term liabilities $($non$-$current liabilities$)$ on September $24,2022?$

What was the increase$/$decrease in Apple's total long$-$term liabilities from the prior year?

Determine whether Apple redeemed $($paid off$)$ any long$-$term liabilities during the fiscal year ended on September $24,2022?$

Explain the difference between term debt in current liabilities and term debt in long$-$term liabilities.

Based on information provided in Note $7,$ do you think the company will have issues making future principal payments from Year $2023$ until Year $2027?$ Explain.