Question: Financial Reporting Problem The Procter & Gamble Company (P&G) Instructions Refer to P&G's 2018 Comparative financial statements and the accompanying notes to answer the following

Financial Reporting Problem The Procter & Gamble Company (P&G) Instructions Refer to P&G's 2018 Comparative financial statements and the accompanying notes to answer the following questions. (a) What kinds of pension plans does P&G provide its employees? (b) What was P&G's pension expense for 2018, 2017, and 2016 related to its defined benefit plan? (c) What is the impact of P&G's pension plans for 2018 on its financial statements? (d) What information does P&G provide on the target allocation of its pension assets? (Compare the asset allocation for Pensions and Other Retiree Benefits.) How do the allocations relate to the expected returns on these assets?

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