Following are selected accounts for The Procter & Gamble Company for June 30, 2017. a. Indicate the
Question:
Following are selected accounts for The Procter & Gamble Company for June 30, 2017.
a. Indicate the appropriate classification of each account as appearing in either its balance sheet (B) or its income statement ( I).
b. Using the data, compute the amount that Procter & Gamble reported for total assets.
Transcribed Image Text:
($ millions) Amount Classification Net sales. . $65,058 Incorme tax expense. Retained earnings Net earnings... Property, plant & equipment (netį. Selling, general & administrative expense Accounts receivable. Total liabilities Stockholders' equity. Net earnings from continuing operations 3,063 96,124 15,411 19,893 18,568 4,594 64,268 56,138 10,194
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a b Total assets Total liabilities Stockholders equity Total assets 64268 56138 120406 Pro...View the full answer
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Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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