The financial statements of Apple Inc. are presented in Appendix A. Instructions a. Using the consolidated income
Question:
The financial statements of Apple Inc. are presented in Appendix A.
Instructions
a. Using the consolidated income statement and balance sheet, identify items that may result in adjustments for deferrals.
b. Using the consolidated income statement, identify two items that may result in adjustments for accruals.
c. What was the amount of depreciation and amortization expense for 2018 and 2017? (You will need to examine the notes to the financial statements or the statement of cash flows.) Where were accumulated depreciation and amortization reported?
d. What was the cash paid for income taxes during 2018, reported at the bottom of the consolidated statement of cash flows? What was income tax expense (provision for income taxes) for 2018?
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