In a Recent Annual Report, Apple Computer Reported the Following

question 8

Multiple Choice

In a recent annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." This note exemplifies Apple's use of:

• A)Conservatism
• B)The matching principle
• C)Realization principle
• D)Full disclosure principle

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Definitions:

Technical Equipment

Tools, machines, or hardware used in the performance of specific tasks, especially those involving technology or specialized knowledge.

Congress

The legislative branch of the United States federal government, comprised of the Senate and the House of Representatives, responsible for making laws.

Southeast Asian Foods

Cuisines originating from countries in the Southeast Asian region, known for their diverse flavors, ingredients, and cooking methods.

Partnership

A legitimate form of commercial enterprise that involves shared management and profit distribution among two or more participants.