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What is the adjusting journal entry that apple will make

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Reference no: EM132953241

2020: In 2020, Apple's disclosure related to "iOS Performance Management" reads: "The final amount of the settlement will be determined based on the number of consumers who file valid claims and the attorneys' fee award. However, the Company has agreed to pay at least $310 million to settle the claims."

Problem a) What is the adjusting journal entry that Apple will make in 2020?

Problem b) How will this impact Apple's net income for 2020?

Reference no: EM132953241

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