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• What were Apple's total long-term liabilities (non-current liabilities) on September 24, 2022? • What was the increase/decrease in Apple's total long-term liabilities from the prior year? ⚫ Determine whether Apple redeemed (paid off) any long-term liabilities during the fiscal year ended on September 24, 2022? • Explain the difference between term debt in current liabilities and term debt in long-term liabilities. ⚫ 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.

• What were Apple's total long-term liabilities (non-current liabilities) on September 24, 2022? • What was the increase/decrease in Apple's total long-term liabilities from the prior year? ⚫ Determine whether Apple redeemed (paid off) any long-term liabilities during the fiscal year ended on September 24, 2022? • Explain the difference between term debt in current liabilities and term debt in long-term liabilities. ⚫ 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.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
Problem 9C
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• What were Apple's total long-term liabilities (non-current liabilities) on September 24, 2022? • What was the increase/decrease in Apple's total long-term liabilities from the prior year? ⚫ Determine whether Apple redeemed (paid off) any long-term liabilities during the fiscal year ended on September 24, 2022? • Explain the difference between term debt in current liabilities and term debt in long-term liabilities. ⚫ 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.
Transcribed Image Text:• What were Apple's total long-term liabilities (non-current liabilities) on September 24, 2022? • What was the increase/decrease in Apple's total long-term liabilities from the prior year? ⚫ Determine whether Apple redeemed (paid off) any long-term liabilities during the fiscal year ended on September 24, 2022? • Explain the difference between term debt in current liabilities and term debt in long-term liabilities. ⚫ 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.
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