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susanna Jones posted Apr 20, 2025 3:11 PM Subscribe • What were Apple's total long-term liabilities (non-current liabilities) on September 24, 2022? ⚫ On September 24, 2022 Apple's long term liabilities (non- current) were $148,101. • What was the increase/decrease in Apple's total long-term liabilities from the prior year? • Apple had a decrease in liabilities from 2021 to 2022 as they went from $148,101 in 2021 to $162,431 in 2022. That is a $14,330 decrease in liabilities from the previous year. • Determine whether Apple redeemed (paid off) any long-term liabilities during the fiscal year ended on September 24, 2022? • In 2022 Apple had $109,106 worth of debt. In 2021 Apple had $98,959 worth of debt. The debt decreased from 2022 to 2021 proving they redeemed $10,147 worth of debt. Explain the difference between term debt in current liabilities and term debt in long-term liabilities. • Term debt in current liabilities refers to debt that should be paid within the year. This debt can be for salaries, accounts payable, unearned revenue, and notes payable (short term). Term debt for long term liabilities is for the longer years rather than just the yearly stuff. This can include bank loans, mortgages, and bonds payable. ⚫ Based on information provided in Note 7, do you think the company will have issues making future principal payments from Year 2023 until Year 2027? Explain. ⚫ I do not believe that the company will have any issues making future principal payments. It appears that as time continues their total proceeds grow higher rather than being repaid. It also seems that from 2023-2027 that there are millions of dollars that are planned to be paid off in debt.

susanna Jones posted Apr 20, 2025 3:11 PM Subscribe • What were Apple's total long-term liabilities (non-current liabilities) on September 24, 2022? ⚫ On September 24, 2022 Apple's long term liabilities (non- current) were $148,101. • What was the increase/decrease in Apple's total long-term liabilities from the prior year? • Apple had a decrease in liabilities from 2021 to 2022 as they went from $148,101 in 2021 to $162,431 in 2022. That is a $14,330 decrease in liabilities from the previous year. • Determine whether Apple redeemed (paid off) any long-term liabilities during the fiscal year ended on September 24, 2022? • In 2022 Apple had $109,106 worth of debt. In 2021 Apple had $98,959 worth of debt. The debt decreased from 2022 to 2021 proving they redeemed $10,147 worth of debt. Explain the difference between term debt in current liabilities and term debt in long-term liabilities. • Term debt in current liabilities refers to debt that should be paid within the year. This debt can be for salaries, accounts payable, unearned revenue, and notes payable (short term). Term debt for long term liabilities is for the longer years rather than just the yearly stuff. This can include bank loans, mortgages, and bonds payable. ⚫ Based on information provided in Note 7, do you think the company will have issues making future principal payments from Year 2023 until Year 2027? Explain. ⚫ I do not believe that the company will have any issues making future principal payments. It appears that as time continues their total proceeds grow higher rather than being repaid. It also seems that from 2023-2027 that there are millions of dollars that are planned to be paid off in debt.

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter7: Receivables And Investments
Section: Chapter Questions
Problem 7.1DC: Reading 3M Companys Balance Sheet: Accounts Receivable The following current asset appears on the...
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susanna Jones posted Apr 20, 2025 3:11 PM Subscribe • What were Apple's total long-term liabilities (non-current liabilities) on September 24, 2022? ⚫ On September 24, 2022 Apple's long term liabilities (non- current) were $148,101. • What was the increase/decrease in Apple's total long-term liabilities from the prior year? • Apple had a decrease in liabilities from 2021 to 2022 as they went from $148,101 in 2021 to $162,431 in 2022. That is a $14,330 decrease in liabilities from the previous year. • Determine whether Apple redeemed (paid off) any long-term liabilities during the fiscal year ended on September 24, 2022? • In 2022 Apple had $109,106 worth of debt. In 2021 Apple had $98,959 worth of debt. The debt decreased from 2022 to 2021 proving they redeemed $10,147 worth of debt. Explain the difference between term debt in current liabilities and term debt in long-term liabilities. • Term debt in current liabilities refers to debt that should be paid within the year. This debt can be for salaries, accounts payable, unearned revenue, and notes payable (short term). Term debt for long term liabilities is for the longer years rather than just the yearly stuff. This can include bank loans, mortgages, and bonds payable. ⚫ Based on information provided in Note 7, do you think the company will have issues making future principal payments from Year 2023 until Year 2027? Explain. ⚫ I do not believe that the company will have any issues making future principal payments. It appears that as time continues their total proceeds grow higher rather than being repaid. It also seems that from 2023-2027 that there are millions of dollars that are planned to be paid off in debt.
Transcribed Image Text:susanna Jones posted Apr 20, 2025 3:11 PM Subscribe • What were Apple's total long-term liabilities (non-current liabilities) on September 24, 2022? ⚫ On September 24, 2022 Apple's long term liabilities (non- current) were $148,101. • What was the increase/decrease in Apple's total long-term liabilities from the prior year? • Apple had a decrease in liabilities from 2021 to 2022 as they went from $148,101 in 2021 to $162,431 in 2022. That is a $14,330 decrease in liabilities from the previous year. • Determine whether Apple redeemed (paid off) any long-term liabilities during the fiscal year ended on September 24, 2022? • In 2022 Apple had $109,106 worth of debt. In 2021 Apple had $98,959 worth of debt. The debt decreased from 2022 to 2021 proving they redeemed $10,147 worth of debt. Explain the difference between term debt in current liabilities and term debt in long-term liabilities. • Term debt in current liabilities refers to debt that should be paid within the year. This debt can be for salaries, accounts payable, unearned revenue, and notes payable (short term). Term debt for long term liabilities is for the longer years rather than just the yearly stuff. This can include bank loans, mortgages, and bonds payable. ⚫ Based on information provided in Note 7, do you think the company will have issues making future principal payments from Year 2023 until Year 2027? Explain. ⚫ I do not believe that the company will have any issues making future principal payments. It appears that as time continues their total proceeds grow higher rather than being repaid. It also seems that from 2023-2027 that there are millions of dollars that are planned to be paid off in debt.
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