Overview
base apple 10 k sheet ,answer questions
1 Which note to the financial statement in Apple’s 2016 annual report provides the relevant disclosures on long-term debts?
2. (i) Locate and list the specific citation in the codification that specifies the disclosure requirements on the aggregate amounts of long-term debts that are payable in future periods.
(ii) Describe briefly how Apple satisfied the relevant requirements in its 2016 annual report.
3 (i) Locate and list the specific citation in the codification that specifies the conditions for short-term obligations expected to be refinanced to be classified as non-current liabilities.
(ii) Next, locate and list the specific citation in the codification that specifies the disclosure requirements on such short-term obligations (classified as non-current liabilities).
(iii) Explain whether Apple had such short-term obligations classified as non-current liabilities in its 2016 annual report and why (please be brief and concise).
4 (i) Locate and list the specific citation in the codification that specifies the disclosure requirements on the fair value of financial instruments (including financial liabilities).
(ii) Describe how Apple satisfied the relevant requirements in its 2016 annual report (please be brief and concise).
5 (i) For the floating-rate and fixed-rate notes issued in 2013, how did their face amounts change from 2015 to 2016?
(ii) Please provide supporting evidence to explain the reason of the change.
6. Please calculate the original selling price for one and only one (of your choice) of the four fixed-rate notes issued in the fourth quarter of 2016 (assuming they are not Euro-denominated or Swiss franc-denominated notes and mature in the fourth quarter of the year when they mature), ignoring any issuing costs. Please show the necessary steps you take to calculate this.