The financial statements of P&G are presented in Appendix B. The companys complete annual report, including the

Question:

The financial statements of P&G are presented in Appendix B. The company’s complete annual report, including the notes to the financial statements, is available online.

Instructions

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

a. Does P&G report any intangible assets, especially goodwill, in its 2017 financial statements and accompanying notes?

b. How much research and development (R&D) cost was expensed by P&G in 2016 and 2017? What percentage of sales revenue and net income did P&G spend on R&D in 2016 and 2017?

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... 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...

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