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Apple Inc. Message Board

  • auagboy auagboy Feb 10, 2013 4:52 PM Flag

    Accounting gymnastics look questionable

    Apple appears to securitize its revenue stream by trading $150B in marketable securitkies last year. There is something about this that doesn't add up.

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    • Only thing that doesn't add up is Apple makes too much money to be down like this and Samsung makes too little money.

    • What doesn't add up? Please explain.

      • 1 Reply to pureinvestor
      • Need to change charter amd articles of incorporation raised this week. Is apple a manufacturer or bank, broker or dealer in securities? any company that trades $150B in securities w/o reporting trading loss or gain figures is lfar ess than transparent. A $150B question mark is very big for a company making $40B.
        a. Paragraph 8, as amended:
        Banks, brokers and dealers in securities, and other enterprises may carry securities and other assets in a trading account.3 Cash receipts and cash payments resulting from purchases and sales of securities classified as trading
        securities as discussed in FASB Statement No. 115, Accounting for Certainnvestments in Debt and Equity Securities, shall be classified pursuant to Statement 95 (as amended) based on the nature and purpose for which the
        securities were acquired as operating cash flows. Cash receipts and cash payments resulting from purchases and sales of other securities and other assets shall be classified as operating cash flows if those assets are acquired
        specifically for resale and are carried at market value in a trading account. Cash flows from purchases, sales, and maturities of available-for-sale securities shall be classified as cash flows from investing activities and
        reported gross in the statement of cash flows.

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