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Updated with new image 7/20/20: Reading Apple Inc.'s Statement of Cash...

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Accounting

Updated with new image 7/20/20:

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Reading Apple Inc.'s Statement of Cash Flows The following items appeared in the Investing Activities section of Apple Inc.'s statement of cash flows included in Form 10-K for the year ended September 26, 2015. (All amounts are in millions of dollars.) 2015 2014 2013 $(166,402) $(217,128) $(148,489) Purchases of marketable securities Proceeds from maturities of marketable securities 14,538 18,810 20,317 Proceeds from sales of marketable securities 107,447 189,301 104,130 Required: 1. What amount did Apple spend in 2015 to purchase marketable securities? million How does this amount compare to the amounts spent in the two prior years? This was $ million than it spent in 2014. This was $ million than it spent in 2013. 2. What amount did Apple receive from marketable securities that matured in 2015? million How does this amount compare to the amounts received in the two prior years? This was $ million than it received in 2014. This was $ million than it received in 2013. 3. Which of the following statement is incorrect? Bonds have a maturity date Stocks have a maturity date Bonds can be sold on a date before they mature The periodic return on bonds is interest

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