ACC 290 Learning Team A Financial Reporting Problem, Part 2

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ACC 290 Learning Team A Financial Reporting Problem, Part 2

SAMPLE

Apple Inc. is one of the most highly respected computer companies in today's society. With over 100 million dollars in revenue in their most recent income statement they need a lot of assets to sustain this large amount of revenue. Assets can be intangible or tangible objects that give the company value. Their total assets for their most recent financial year were reported at an exact total of $176,064,000 which is extremely good and helped the company have a great profitable year. On the balance sheet attached to our paper you will notice that the assets for the current financial year are in fact listed in proper order. For an outside audience who does not know what this means, there is in fact a proper order that the assets need to be listed in. Assets should be listed in the following order...

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