The financial statements of Procter Gamble (P G) can be accessed at the books website Instructions Refer to P Gs financial statements and the accompanying notes to answer the following questions (a) Were there changes in accounting principles reported by P G during the three years covered by its in...

a New Pronouncements and Reclassifications PG disclosed the following in its MDA As more fully described in Notes 1 and 8 to the Consolidated Financial Statements we adopted SFAS 123Revised 2004 Share ...

The financial statements of Procter & Gamble (P&G) can be accessed at the books website. Instructions Refer

Question:

The of Procter & Gamble (P&G) can be accessed at the book’s website.
Instructions
Refer to P&G’s and the accompanying notes to answer the following questions.
(a) Were there changes in accounting principles reported by P&G during the three years covered by its income statements (2004–2006)? If so, describe the nature of the change and the year of change.
(b) What use did P&G make of estimates in 2006?
(c) What were the basic and diluted earnings per share for P&G in 2004–2006? What are the securities that give rise to P&G’s complex capital structure?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...