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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
Edition 17ISBN: 978-0078025778 Exercise 46
Financial Assets
The following financial assets appeared in a recent balance sheet of Apple, Inc. (dollar amounts are stated in millions):
a. Define financial assets.
b. A different approach is used in determining the balance sheet value for each category of Apple Inc. 's financial assets, although each approach serves a common goal. Explain.
c. Why do companies like Apple Inc. hold so much of their financial assets in the form of marketable securities and receivables?
d. What types of investments might Apple Inc. own that are considered cash equivalents?
e. Explain what is meant by the balance sheet presentation of Apple Inc. 's Accounts Receivable as shown in the table.
The following financial assets appeared in a recent balance sheet of Apple, Inc. (dollar amounts are stated in millions):
a. Define financial assets.
b. A different approach is used in determining the balance sheet value for each category of Apple Inc. 's financial assets, although each approach serves a common goal. Explain.
c. Why do companies like Apple Inc. hold so much of their financial assets in the form of marketable securities and receivables?
d. What types of investments might Apple Inc. own that are considered cash equivalents?
e. Explain what is meant by the balance sheet presentation of Apple Inc. 's Accounts Receivable as shown in the table.
Explanation
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a)
Financial Assets are assets owned by ...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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