Question: As stated in the chapter, notes to the financial statements are the means of explaining the items presented in the main body of the statements.


As stated in the chapter, notes to the financial statements are the means of explaining the items presented in the main body of the statements. Common note disclosures relate to such items as accounting policies, segment information, and interim reporting. 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. Click here to view Appendix B Refer to P\&G's financial statements and the accompanying notes to answer the following questions. What specific items does P\&G discuss in its Note 1-Summary of Significant Accounting Policies? (List the headings only.) For what segments did P\&G report segment information? Which segment is the largest? Who is P\&G's largest customer? eTextbook and Media What interim information was reported by P\&G
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