Refer to P&G’s financial statements and the accompanying notes to answer the following questions.

(a) What amounts relative to income taxes does P&G report in it’s:

(1) 2007 income statement?

(2) June 30, 2007, balance sheet?

(3) 2007 statement of cash flows?

(b) P&G’s provision for income taxes in 2005, 2006, and 2007 was computed at what effective tax rates?

(See the notes to the financial statements.)

(c) How much of P&G’s 2007 total provision for income taxes was current tax expense, and how much was deferred tax expense?

(d) What did P&G report as the significant components (the details) of its June 30, 2007, deferred tax assets and liabilities?