Question: 1. Use Apple's September 26, 2009, financial statements, in Appendix A near the end of the book, to answer the following:
a. Identify the dollar amounts of Apple's 2009 (1) assets, (2) liabilities, and (3) equity.
b. Using Apple's amounts from part a, verify that Assets 5 Liabilities 1 Equity
2. The following is selected financial information for Affiliated Company as of December 31, 2011: liabilities, $34,000; equity, $56,000; assets, $90,000. Required Prepare the balance sheet for Affiliated Company as of December 31, 2011.