Income and equity relations Selected information based on the comparative balance sheets and income statements of Colgate

Question:

Income and equity relations Selected information based on the comparative balance sheets and income statements of Colgate Palmolive Company (Colgate), a U.S. manufacturer of consumer products, for the years ended December 31, 2007, 2006, and 2005, appears in the following display, based on Colgate's financial reports for fiscal 2007. Colgate applies U.S. GAAP and reports its results in millions of U.S. dollars.

Compute the missing amounts for each of the threeyears.

Colgate Palmolive Company Selected Financial Statement Information Year Ended December 31 2007 2006 2005 Income Statemen

GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...