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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Case 1-73 Research and Analysis Using the Annual Report

Obtain Apple Inc.’s 2016 annual report either through the “Investor Relations" portion of their website (do a web search for Apple investor relations) or go to www.sac.gov and click “Company Filings Search" under “Filings.”

Required:

Answer the following questions:

5. With regard to the statement of cash flows:

a. What amounts did the company report for cash flow from operating activities. cash flow from investing activities. and cash flow from financing activities for 2016?

b. How much cash did the company spend on purchasing PP&E in 2016?

To determine

Concept Introduction:

The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

  • Operating Activities: Operating Activities are day to day business transactions, for example sales purchase etc.
  • Investing Activities: Investing Activities belong to the sale or purchase of assets or investments of a business. For example sales of fixed assets etc, purchase of investments.
  • Financing Activities: Financing Activities includes the transactions related to raising business finds through equity or debts. For example, issuance of shares and payment of dividend to shareholders.

Requirement-a:

To Indicate:

The amount of Cash flow from operating, investing and financing activities reported by Apple Inc for the year 2016.

Explanation

The amount of Cash flow from operating, investing and financing activities reported by Apple Inc for the year 2016 can be found under the consolidated statement of Cash flow as follows:

To determine

Concept Introduction:

The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:

  • Operating Activities: Operating Activities are day to day business transactions, for example sales purchase etc.
  • Investing Activities: Investing Activities belong to the sale or purchase of assets or investments of a business. For example sales of fixed assets etc, purchase of investments.
  • Financing Activities: Financing Activities includes the transactions related to raising business finds through equity or debts. For example, issuance of shares and payment of dividend to shareholders.

Requirement-b:

To Indicate:

The amount of Cash spend on purchasing of PP&E by Apple Inc for the year 2016.

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