Question: Take a step back in time and imagine Apple in its infancy as a company. The year is 1976, and Steve Wozniak, Steve Jobs, and
Take a step back in time and imagine Apple in its infancy as a company. The year is 1976, and Steve Wozniak, Steve Jobs, and Ron Wayne are the organizing partners. Required: 1-a. Read the history of Apple from 1976 to 1980 at en.wikipedia.org/wiki/Apple_Inc. Identify the founders of the company. 1-b. The Apple 1 went on sale in July 1976 at what price? 2. Apple was originally organized as a partnership, but was later incorporated on January 3, 1977. Identify at least two ways in which the Apple corporate income statement (see Appendix A) differs from a partnership income statement. 3. Identify at least two accounts in the Apple corporate balance sheet that would not appear in a partnership balance sheet.
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