Financial Reporting Problem The Procter \& Gamble Company (P\&G) 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) What investments does P\&G report in 2014, and how are these investments accounted for in its financial statements? (b) How are P\&G's investments valued? How does P\&G determine fair value? (c) How does P\&G use derivative financial instruments