Problem

Refer to Apple’s financial statements in Appendix A. Identify Apple’s net income for the y...

Refer to Apple’s financial statements in Appendix A. Identify Apple’s net income for the year ended December 31, 2009. Is its net income equal to the increase in cash and cash equivalents for the year? Explain the difference between net income and the increase in cash and cash equivalents.

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Solutions For Problems in Chapter 6