APPLE INC.

Look at the AAPL statements AAPL-08-FS-Extract and  AAPL-08-10K

1. How did the net income of AAPL change over the last two years?
2. How much did cash and equivalents increase by?
3. Where did AAPL get all that cash from? Why is the increase greater than the net income?
4. What are the main reasons why CFO was different from net income ?
5. What did AAPL do with all the cash?
6. Where did it invest?
7. What rate of return is AAPL earning on its cash and investments?
8. What should AAPL do with all the cash?
9. What are accrued expenses?
10. What is deferred revenue? Is it [asset | liability | revenue | expense]?
11. Look at Note 1. Do you agree with AAPL's policy regarding deferred revenue? What would be more liberal accounting policy (for revenue recognition)?
12. If AAPL follows a more liberal accounting policy (for revenue recognition) with regard to Iphones and Apple TV, what will the impact on
- Revenue
- Earnings
- CFO
- Total Cash Flow
 

Look at AAPL-09-FS-Extract  and  AAPL-09-10K.pdf

13. How are the financial statements different ? Why?

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