Financial Reporting Problem: Apple Inc.
CT10.1 The financial statements of Apple Inc. are presented in Appendix A. The complete annual report, including the notes to the financial statements, is available at the company's website. Instructions Refer to Apple's financial statements and answer the following questions about current liabilities. a. What were Apple's total current liabilities at September 29, 2018? What was the increase/decrease in Apple's total current liabilities from the prior year? b. How much were the accounts payable at September 29, 2018? c. What were the components of total current liabilities on September 29, 2018 (other than accounts payable already discussed in (b))?