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What effect did the retrospective application of accounting

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Reference no: EM133002807

Analysis of Apple, Inc. September 25, 2010 financial reports

  1. Refer to Apple's revenue recognition footnote. IN particular, when does the company recognize revenue for the following types of sales?
  2. iTunes songs sold online
  3. Mac-branded accessories such as headphones, power adaptors, and backpacks sold in the Apple stores. What if the accessories are sold online?
  4. iPods sold to a third-party reseller in India.
  5. Refer to Apple's revenue recognition footnote. Consider the sale of peripheral products obtained from other companies, such as Logitech speakers. How would Apple determine the amount to record for such speakers sold from the Apple stores? What if the speakers were drop-shipped from Logitech for an online Apple-store order?
  6. Analysis of Apple, Inc. September 25, 2010 financial reports

Problem 1: What effect did the retrospective application of the new accounting principle have on Apple's fiscal 2009 net income?

Reference no: EM133002807

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