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Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) Total current assets Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities Commitments and contingencies LIABILITIES AND SHAREHOLDERS' EQUITY: ASSETS: Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,943,425 and 16,426,786 shares issued and outstanding, respectively Retained eamings/(Accumulated deficit) Accumulated other comprehensive income/(loss) Total shareholders' equity Total liabilities and shareholders' equity September 24, 2022 $ $ See accompanying Notes to Consolidated Financial Statements. 23,646 $ 24,658 28,184 4,946 32,748 21,223 135,405 120,805 42,117 54,428 217,350 352,755 $ September 25, 2021 64,115 S 60,845 7,912 9,982 11,128 153,982 98,959 49,142 148,101 302,083 64,849 (3,068) (11,109) 50,672 352,755 $ 34,940 27,699 26,278 6,580 25,228 14,111 134,836 127,877 39,440 48,849 216,166 351,002 54,763 47,493 7,612 6,000 9,613 125,481 109,106 53,325 162,431 287,912 57,365 5,562 163 63,090 351,002

Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) Total current assets Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities: Term debt Other non-current liabilities Total non-current liabilities Total liabilities Commitments and contingencies LIABILITIES AND SHAREHOLDERS' EQUITY: ASSETS: Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,943,425 and 16,426,786 shares issued and outstanding, respectively Retained eamings/(Accumulated deficit) Accumulated other comprehensive income/(loss) Total shareholders' equity Total liabilities and shareholders' equity September 24, 2022 $ $ See accompanying Notes to Consolidated Financial Statements. 23,646 $ 24,658 28,184 4,946 32,748 21,223 135,405 120,805 42,117 54,428 217,350 352,755 $ September 25, 2021 64,115 S 60,845 7,912 9,982 11,128 153,982 98,959 49,142 148,101 302,083 64,849 (3,068) (11,109) 50,672 352,755 $ 34,940 27,699 26,278 6,580 25,228 14,111 134,836 127,877 39,440 48,849 216,166 351,002 54,763 47,493 7,612 6,000 9,613 125,481 109,106 53,325 162,431 287,912 57,365 5,562 163 63,090 351,002

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How many shares of common stock are outstanding at year-end(Refer to the Balance Sheet). (one sentence answer)

Current assets: Cash and cash equivalents Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities: Term debt Other non-current liabilities LIABILITIES AND SHAREHOLDERS' EQUITY: ASSETS: Total non-current liabilities Total liabilities Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,943,425 and 16,426,786 shares issued and outstanding, respectively Retained eamings/(Accumulated deficit) Accumulated other comprehensive income/(loss) Total shareholders' equity Total liabilities and shareholders' equity September 24, 2022 $ $ See accompanying Notes to Consolidated Financial Statements. 23,646 $ 24,658 28,184 4,946 32,748 21,223 135,405 120,805 42,117 54,428 217,350 352,755 $ September 25, 2021 64,115 $ 60,845 7,912 9,982 11,128 153,982 98,959 49,142 148,101 302,083 64,849 (3,068) (11,109) 50,672 352,755 $ 34,940 27,699 26,278 6,580 25,228 14,111 134,836 127,877 39,440 48,849 216,166 351,002 54,763 47,493 7,612 6,000 9,613 125,481 109,106 53,325 162,431 287,912 57,365 5,562 163 63,090 351,002
Transcribed Image Text:Current assets: Cash and cash equivalents Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets Non-current assets: Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets Current liabilities: Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities: Term debt Other non-current liabilities LIABILITIES AND SHAREHOLDERS' EQUITY: ASSETS: Total non-current liabilities Total liabilities Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,943,425 and 16,426,786 shares issued and outstanding, respectively Retained eamings/(Accumulated deficit) Accumulated other comprehensive income/(loss) Total shareholders' equity Total liabilities and shareholders' equity September 24, 2022 $ $ See accompanying Notes to Consolidated Financial Statements. 23,646 $ 24,658 28,184 4,946 32,748 21,223 135,405 120,805 42,117 54,428 217,350 352,755 $ September 25, 2021 64,115 $ 60,845 7,912 9,982 11,128 153,982 98,959 49,142 148,101 302,083 64,849 (3,068) (11,109) 50,672 352,755 $ 34,940 27,699 26,278 6,580 25,228 14,111 134,836 127,877 39,440 48,849 216,166 351,002 54,763 47,493 7,612 6,000 9,613 125,481 109,106 53,325 162,431 287,912 57,365 5,562 163 63,090 351,002
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