Start your research by referring to Apple’s fiscal 2016(September 24, 2016) in Appendix A of Wild Financial Accounting 9edition textbook. Find the financial statement that lists thenumber of shares of common stock authorized, issued andoutstanding. Note the name of that financial statement to includein your post. Here are the number of share information you shouldlocate in the textbook Appendix: Authorized: 12,600,000 Issued andoutstanding 9/24/2016 5,336,166 Issued and outstanding 9/26/20155,578,753 How to find Apple’s fiscal 2018 annual financialstatements. Suggested steps to follow: Search for Apple InvestorRelations, SEC Filings, Annual Filings, 10-K. For fiscal year-end9/29/2018 and 9/30/2017 answer the following questions. Name of thefinancial statement you are finding this information on (see abovebackground) How many shares of common stock are authorized? Howmany shares of common stock are issued and outstanding for9/29/2018? How many shares of common stock are issued andoutstanding for 9/30/2017? If a financial statement reader wants tosee the detail of change in a number of shares of stock from thebeginning of each year to the end of each fiscal year, whichfinancial statement would he/she refer to? Explain why Apple’sfiscal year-end does not always fall on the same day. Hint: Apple’s10-K Part I, Item 1..
