Refer to Apple’s statement of cash flows in Appendix A.
(a) Which method is used to compute its net cash provided by operating activities?
(b) Its balance sheet shows an increase in accounts receivable from September 24, 2016, to September 30, 2017; why is this increase in accounts receivable subtracted when computing net cash provided by operating activities for the fiscal year ended September 30, 2017?
Data from Apple’s
