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Found in: Page 47

### Financial & Managerial Accounting

Book edition 7th
Author(s) John J Wild, Ken W. Shaw, Barbara Chiappetta
Pages 1096 pages
ISBN 9781259726705

# Key financial figures for Apple’s fiscal year ended September 26, 2015, follow.Key Figure $Millions Liabilities + Equity . . . . . . . . . . .$290,479 Net income . . . . . . . . . . . . . . . . . 53,394 Revenues . . . . . . . . . . . . . . . . . . 233,715Required 3. How much are total expenses for Apple for the year ended September 26, 2015?

The expense incurred by the Apple is \$180,321

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## Definition of Expense

The expenses are defined as the cost incurred by the businesses during the period for running the business and generating revenue.