Financial Reporting Problem II – Part 1A company’s financial documents can be used for many purposes. One of their more purposesthat will be discussed is to provide information regarding the company’s management of cash.The types of documents that can be used to assess a company’s cash management are thestatement of operations, balance sheet, statement of shareholders’ equity, and the statement ofcash flows (Kimmel, P.D., 2016). The 2014 Annual Report for Apple, Inc. provided a lot ofinformation regarding their company’s management of cash.Net Cash Provided by Operating ActivitiesApple, Inc. had an increase in net cash provided by operating activities between 2013 and2014. In 2013, they have $53,666,000 dollars in net cash and in 2014 they had $59,713,000dollars (Apple, Inc., 2014). This suggests that the liquidity of Apple, Inc, increased during thegiven fiscal year. One of the reasons for the increase in net cash was because there was anincrease in other liabilities of $1,489,000 dollars (Apple, Inc., 2014). Another reason for theincrease in net cash is because there was an increase in accounts payable of $3,598,000 million(Apple, Inc., 2014).Cash or Cash EquivalentsCash or cash equivalents include currency, coins, checks received but not yet deposited,
