What amount did Apple report as Other comprehensive earnings in its consolidated statement of comprehensive income ending
Question:
What amount did Apple report as “Other comprehensive earnings” in its consolidated statement of comprehensive income ending September 29, 2018? By what percentage did Apple’s “Comprehensive income” differ from its “Net income”?
Step by Step Answer:
Apple reported Total other compre...View the full answer
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Financial statements of a business having numerous divisions or subsidiaries are called consolidated financial statements. Companies frequently refer to the aggregated reporting of their entire firm together when using the term \"consolidated\" in financial statement reporting. Consolidated financial statement reporting, on the other hand, is defined by the Financial Accounting Standards Board as the reporting of an entity that is organized with a parent company and subsidiaries.
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