Apple's Balance Sheet and Statement of Cash Flows

Accounting Discussion 3
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Accounting Discussion 3
The technology industry is interesting and compelling due to many reasons. The major benefit of this sector is that it empowers communication. For instance, people no longer write letters but easily chat through videos. Technology helps individuals in connecting with others staying far away in real time. For example, people who communicate through Skype can see one another from any part of the globe whenever they want. Individuals easily communicate through pictures, texts, and videos; therefore, nothing can be compared to the comfort people get from technology.
I chose Apple Inc., a public company in the technology industry. According to Abdullah et al. (2022), the firm is among those that lead in the huge technology device marketplace. Although Apple Inc.’s sales reduced during COVID, the organization still survived and rose again when the epidemic’s restrictions lessened.
Looking at Apple Inc.’s unaudited condensed consolidated balance sheet for the 2023 first quarter, the firm’s current assets are less than the current liabilities. According to Apple Inc. (2023), their 2023 first quarter’s current...