Remember Apple ’s $ 1.99charge to update current laptop to 802.11n ? Well , according to Lynn Turner , former principal accountant of the Securities and Exchange Commission , “ [ generally accept accounting rule ] does n’t require you to file squat . ”
https://gizmodo.com/update-apple-to-charge-1-99-to-activate-802-11n-229773
She adds , “ You burden whatever you require . GAAP does n’t even remotely address whether or not you charge for a significant functionality change . generally accepted accounting principles establishes what the proper accountancy is , found on what you did or did n’t tear for it . ”
Despite this , Apple still maintains that if they gave away the 802.11n patch for free , their auditor would have required a revenue restatement , which may in turn causa … *yawn * sorry , we just fell asleep write this sentence . Suffice it to say , Apple still think charging you two osseous tissue to touch off 802.11n is a good idea , even if top grade controller say they ’re not obligated to .
Apple Gets a Bruise by find fault A $ 1.99 Fee on account statement Rules[WSJ – Thanks Kelly ]
802.11NApple
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