User Account

All Pages

How does apple now record the sale of an iphone

Assignment Help Other Subject
Reference no: EM13907600

Obtain Apple's annual report for the 2009 financial year. The filing date is: 2009-10-27. To make sure you have the correct file, I also provided the link: https://www.sec.gov/Archives/edgar/data/320193/000119312509214859/d10k.htm

Using the links provided, answer the following questions

Questions:

1. Refer to the revenue recognition discussion in Note 1. In general when does Apple recognize revenue? Explain Apple's for revenue recognition criteria. Do they appear to be aligned with the revenue recognition criteria we discussed in class?

2. In the same footnote how did Apple recognize revenue for the sale of an iPhone? Record their recognition of revenue for the sale of an iPhone in the financial statements effect template. Now, obtain Apple' amended annual report (10-K/A) for the 2009 financial year.The filing date is: 2010-01-25. To make sure you have the correct file, I also provided the link: https://www.sec.gov/Archives/edgar/data/320193/000119312510012091/d10ka.htm

3. Refer to the revenue recognition discussion in Note 1.What has changed compared to the old 10-K? Why do you think the changed occurred?

4. How does Apple now record the sale of an iPhone? Record their recognition of revenue for the sale of an IPhone under the new revenue recognition policy in the financial statements effect template.

5. What impact did the new accounting principle for revenue recognition have on Apple's balance sheet, income statement and statement of cash flow Did the new revenue recognition principle improve or weaken the company's gross margin for fiscal year 2009?

Reference no: EM13907600

Questions Cloud

A range of possible positions on the issue : Choose an issue in professional ethics that pertains to a particular type of professional. Although the issue you choose may have arisen from a specific situation you will not be writing this as a case study as in Assignment
Interorganizational cybersecurity relationships : Interorganizational Cybersecurity Relationships
How might company communicate success of achieving objective : Do you consider these objectives compatible with one another and how might that company communicate the success of achieving these objectives to its stakeholders?
The notions of right and wrong : To this war of every man against every man, this also is consequent; that nothing can be unjust. The notions of right and wrong, justice and injustice have there no place. Where there is no common power, there is no law: where no law, no injustice.
How does apple now record the sale of an iphone : Refer to the revenue recognition discussion in Note 1 (page 30).What has changed compared to the old 10-K? Why do you think the changed occurred?
Consider the different conceptions of substance : Consider the different conceptions of substance proposed by Descartes and Spinoza discussing there relation to the nature of existing things
The windshield division incurs variable costs : The Windshield division of Fast Car Co. makes windshields for use in Fast Car's Assembly division.
Mind-body interaction, occasionalism and pre-established : What are the similarities and differences between mind-body interaction, occasionalism and pre-established harmony?
How do you symbolize compound statements : How do you symbolize compound statements using logical connectives? Give an example of a valid deductive argument in symbolized form.

Reviews

Write a Review

Other Subject Questions & Answers

  Compare the benefits of push-and-pull promotions

Compare the benefits of push-and-pull promotions for acquiring

  Write an essay discussing the effects of abortion

Write an essay discussing the effects of abortion and why it should be banned

  Significance of megiddo and jezreel valley

What is the significance of Megiddo and the Jezreel Valley in end time prophecy? Provide a brief history, prophetic evidence from the Old Testament and how it relates to Revelation of the New Testament.

  How would you define stress and what are the four general a

how would you define stress and what are the four general areas of police work that contribute to stress? ltbrgt

  Testament bible books

The New Testament contains different books. What is (1) an apocalyptic book, (2) a gospel book, (3) an epistle book , and (4) a narrative book?

  Suppose your business had an e-commerce web site

Suppose your business had an e-commerce Web site where it sold goods and accepted credit card payments. Discuss the major security threats to this Web site and their potential impact. What can be done to minimize these threats?

  Staffing tables provide data on external labor supply source

Staffing tables provide data on external labor supply sources. The examination of the attitudes and activities of a company's workforce refers to: Qualitative HR forecasting techniques generally employ sophisticated analytical models.

  Identify possible psychosocial - demographic factors

Explain why some people do not practice regular and good hand washing practices, and possible strategies related to EACH CONSTRUCT possible that might change these perceptions and impact this behavior

  Historical development and evolution of medical system

Describe the historical development and evolution of the medical system. Define the philosophy of medical system.

  Parthenon fragment of the panathenaic procession

Maidens and Stewards, a Parthenon fragment of the Panathenaic Procession, was found on a _____ or sculptural band, often used by the Greeks to embellish their architecture.

  Manufacturer of ink-jet printer checks samples

A manufacturer of ink-jet printer checks samples of 50 printers for functionality at the conclusion of the assembly process.

  Strategies for addressing conflict in relationships

Strategies for addressing conflict in relationships, Positive and negative aspects of divorce, Comparing types of love relationships

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd