The financial statements of Apple Inc. are presented in Appendix A at the end of this textbook.

Question:

The financial statements of Apple Inc. are presented in Appendix A at the end of this textbook. Instructions for accessing and using the company’s complete annual report, including the notes to the financial statements, are also provided in Appendix A.

Instructions

(a) What comments, if any, are made about cash in the report of the independent registered public accounting firm?

(b) What data about cash and cash equivalents are shown in the consolidated balance sheet?

(d) In management’s Annual Report on Internal Control over Financial Reporting (Item 9), what does Apple’s management say about internal control?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...