Problemin april 2013 apple issued 17 billion of bonds as a, Ask an Expert

Accounting

Problem:

In April 2013, Apple issued $17 billion of bonds as a part of plan to finance $100 billion cash, used to return shareholders by the end of 2015. Apple owns $145 billion of cash and much of its cash held overseas.

Required:

Question: Why did Apple use the proceeds from issuing bonds rather than using its existing cash to pay to its shareholders?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172195

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