Discussion:
"Apple, Inc."Please respond to the following:
A.From the case study, in 2009, the FASB issued a ruling related to income recognition from multiple element sales involving software to various stakeholder groups. Evaluate the impact of Apple's retrospective restatement of its financial statements resulting from FASBâ€TMs ruling. Provide support for your rationale.
B.From the case study, examine the influence of both Appleâ€TMs reported deferred revenue and the lobbying by Apple executives on FASBâ€TMs ruling. Indicate your agreement or disagreement with Appleâ€TMs attempt to influence FASBâ€TMs ruling.