Start your research by referring to Apple’s fiscal 2018 (September 29, 2018) in Appendix A of our textbook. Find the financial statement that lists the number of shares of common stock authorized, issued and outstanding. Note the name of that financial statement to include in your post. For example, here are the number of share information you should locate in the textbook Appendix A:

• Number of Shares Authorized: 12,600,000
• Number of Shares Issued and outstanding 9/29/2018 4,754,986
• Number of Shares Issued and outstanding 9/30/2017 5,126,201

Your Post

Search the internet to find Apple’s fiscal year 2019 annual financial statements.   Suggested steps to follow when doing your internet search: Search for Apple Investor Relations, from there select SEC Filings, from the pull-down select Annual Filings, then locate the 10-K.   Once you have arrived there, see the index to help to locate the financial statements. Watch the dates, that is important!

For fiscal year end 9/28/2019 and 9/29/2018 answer the following questions

1. Name of the financial statement where you located the number of shares authorized.
2. How many shares of common stock are authorized for fiscal year end 9/28/2019 and 9/29/2018?
3. What is the total number of shares of common stock issued and outstanding as of 9/28/2019?
4. What is the total number of shares of common stock issued and outstanding as of 9/29/2018?
5. View the Report of Independent Registered Public Accounting Firm. What company completed the audit and signed the audit report?
6. Why does Apple’s fiscal year end fall on different dates, why isn’t each year end dated September 30?   Hint: to research this review Apple’s 10-K Part I, Item 1. Explain clearly why the dates are different.
7. What year was Apple established, and in what state? Hint: to research this review Apple’s 10-K Part I, Item 1.

Respond to a classmate’s post

You will not be able to view your classmate's posts until you do your first post.   If you offer an incomplete first post, that will be the one scored. Respond to a classmate’s post using the following instruction.

If you agree with all of your classmate's answers, inform them in an encouraging manner. If you spot an error, please gently describe the correction, and explain why.

Answer rating: 100% (QA)

1 The number of Authorized shares can be located in the Balance Sheet 2 12600000 ... View the full answer