Annual report: The annual report of the company includes the financial and other operating descriptions about the business for a particular year. Financial statements: Financial statements are prepared to summaries the account at the end of the period. The statements prepared are Income statement, Balance sheet, Statement of owner’s equity and Cash flows statements. To Indicate: The number of years for which financial information is presented in the annual report of Apple Inc. for the year 2016.

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Chapter 1, Problem 73.2C

To determine

Concept Introduction:

Annual report:

The annual report of the company includes the financial and other operating descriptions about the business for a particular year.

Financial statements: Financial statements are prepared to summaries the account at the end of the period. The statements prepared are Income statement, Balance sheet, Statement of owner’s equity and Cash flows statements.

To Indicate:

The number of years for which financial information is presented in the annual report of Apple Inc. for the year 2016.

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