Select your language

Suggested languages for you:
Log In Start studying!
Answers without the blur. Sign up and see all textbooks for free! Illustration

Q7DQ

Expert-verified
Financial & Managerial Accounting
Found in: Page 342

Answers without the blur.

Just sign up for free and you're in.

Illustration

Short Answer

Refer to the financial statements and notes of Apple in Appendix A. In its presentation of accounts receivable on the balance sheet, how does it title accounts receivable? What does it report for its allowance as of September 26, 2015?

Answer

Apple reports allowances for doubtful debts equal to $82 in 2015.

See the step by step solution

Step by Step Solution

Step-By-Step SolutionStep 1: Definition of Balance Sheet

The balance sheet is an organized statement reporting financial information of the business entity, such as assets, liability, and equity of the business entity.

Step 2: Representation of accounts receivables on the balance sheet

Accounts receivables are titled: “Accounts receivables less allowances.”

It reported allowances of $82 on September 26, 2015.

Most popular questions for Business-studies Textbooks

Icon

Want to see more solutions like these?

Sign up for free to discover our expert answers
Get Started - It’s free

Recommended explanations on Business-studies Textbooks

94% of StudySmarter users get better grades.

Sign up for free
94% of StudySmarter users get better grades.