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SEC 10-k Report.pptx - SEC 10-K REPORT Apple Incorporation...

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SEC 10-K REPORTApple Incorporation
Introduction of the companyApple Inc. also known as Apple is an AmericanInternational Technology Company started in 1976.Apple Inc. is headquartered in Cupertino, California,U.S.A.Apple is the second-largest information technology firmby revenue in the world after Samsung Electronics and isthe largest technology firm as far as total assets isconcerned.Apple is not only the largest publicly traded corporationin the world by market capitalization, but also, becamethe first U.S. firm to be valued above US$700 billionAs of July 2015, Apple had 115,000 full-time employeesand it has 453 retail stores located in 16 differentcountries.
Financial StatementsThe company reports, financial statements basedoperating segments which are geographicallydistributed.The segments are: the Americas; Europe; GreaterChina; Japan; Rest of Asia and Retail.Apple’s fiscal is between 52 or 53 week period thatends on the last Saturday (SEC 2014).In the fiscal year ending September 2014, Applereported revenue of $182.795 billion, operatingincome of $52.503 billion, net income of 39.510billion, total assets were $231.839 billion and totalequity was 111.547 billion (SEC Annual report,2014).
Income statementApple uses multi-stage format. It reports total net sales as per alloperating segments for the three years ending September 2014, 2013and 2013.Net sales were $182.795 billion in 2014, $170.91 billion in 2013 fiscalyear and $156.508 in 2012.Americas segment reported the highest net sells in all the three years.

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Term
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Generally Accepted Accounting Principles

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