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How many year are presented on he consolidated balance sheet

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Reference no: EM131160920

1) Which CPA firm audits Apple's financial statements?
a. KPMG
b. Ernst and Young
c. SEC
d. Arthur Andersen

2) What is the most recent fiscal year end reported on Apple's financial statements? (Month, Day, Year)
a. 09/26/2015
b. 12/31/2015
c. 09/26/2014
d. 01/01/2015

3) How many years are presented on the Consolidated Statements of Operations?
a. 2
b. 1
c. 3
d. 4

4) How many years are presented on the Consolidated Balance Sheets?
a. 4
b. 3
c. 1
d. 2

5) Are Apples financial statements reported in hundreds, thousands, millions or billions of dollars?
a. millions
b. billions
c. thousands
d. hundreds

6) As per the question above, if Apple's cash and cash equivalents were reported on the financial statement as $21,120, how would you write out that number in long form?
a. $21,120,000
b. $21,000,000,000
c. $21,120
d. $21,120,000,000

7) What is Apple's Net Income for the most recent year ended?
a. $53,394,000,000
b. $53,394,000
c. $51,967,000
d. $51,967,000,000

8) How much income tax did Apple pay in cash for the most recent year ended?
a. $13,252
b. $10,026,000,000
c. $13,252,000,000
d. $10,026,000

9) There is a difference between Net Income and Comprehensive Income. What is Apple's Total Comprehensive Income for the most recent year ended?
a. $36,067,000
b. $36,067,000,000
c. $41,063,000,000
d. $51,967,000,000

10) There are three specific items that make up the difference between Net Income and Comprehensive Income. Pick the correct three.
a. Foreign currency translation, net income, total shareholder equity
b. Foreign currency translation, gains/losses on derivative instruments, total shareholder equity
c. Foreign currency translation, gains/losses on derivative instruments, accumulated other comprehensive income
d. Foreign currency translation, gains/losses on derivative instruments, gains/losses on marketable securities

11) What is Apple's Total Assets for the most recent year ended?
a. $9,539,000,000
b. $290,479,000,000
c. $231,839,000,000
d. $9,806,000

12) What is Apple's Long Term Debt for the most recent year ended?
a. $33,427,000,000
b. $171,124,000,000
c. $35,490,000,000
d. $53,463,000,000

13) How much cash was generated only by operating activities for the most recent year ended?
a. $59,713,000,000
b. $543,000,000,000
c. $81,266,000,000
d. $59,713

14) What does Note 4 to the financial statements pertain to?
a. Income Taxes
b. Debt
c. Comprehensive Income
d. Goodwill and Other Intangible Assets

15) Choose the correct corporate officer and his/her correct title that signed and certified that the financial statements are presented fairly?
a. Timothy D. Cook, Chief Operating Officer
b. Timothy D. Cook, President
c. Lucas Maestri, Senior Vice President, Chief Financial Officer
d. Lucas Maestri, Treasurer

16) According to the report, if I invested $100 in Apple stock in September of 2010, how much would it be worth in September of 2015?
a. $254
b. $294
c. $187
d. $100

17) According to the report, how many iPhones (in units) did Apple sell in 2015?
a. $155,041,000
b. 231,218
c. $231,218,000
d. 231,218,000

18) For 2015, what was the percentage (%) of total net sales in Greater China?
a. 25%
b. 84%
c. 18%
d. 17%

19) Note 10 to the financial statements mentions a lawsuit involving Apple, Inc. Name the company which has legal proceedings involving Apple.
a. Samsung
b. SEC
c. Apple eBooks Antitrust Litigation
d. Microsoft

20) Did Apple record any loss or gain in its financial statements as a result of either of these lawsuits?
a. Yes
b. No

Reference no: EM131160920

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