Financial Reporting Problem II

The official SEC filing of the annual report is called a Form 10‐K, which often omits the public relations pieces found in most standard annual reports. On the following pages, we present Apple Inc.'s financial statements taken from the company's 2014 Form 10‐K. To access Apple's Form 10‐K, including notes to the financial statements, follow these steps:

1. Go to http://investor.apple.com.

2. Select the Financial Information tab.

3. Select the 10‐K annual report dated September 29, 2014.

4. The Notes to Consolidated Financial Statements begin on page 50.