Question: Financial Reporting Problem P&G The Procter & Gamble Company (P&G) The financial statements of P&G are provided in Appendix 5B or can be accessed at


Financial Reporting Problem P&G The Procter & Gamble Company (P&G) The financial statements of P&G are provided in Appendix 5B or can be accessed at the book's companion website, www.wiley.com/college/kieso. Instructions Refer to P&G's 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 cov- ered by its income statements (2007-2009)? If so, describe the nature of the change and the year of change. (b) What types of estimates did P&G discuss in 2009
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