Question: Use the Proctor & Gamble Balance Sheet on next page to complete the following schedule: Proctor & Gamble (Common Stock) 2019 2018 Shares Authorized Shares


Use the Proctor & Gamble Balance Sheet on next page to complete the following schedule: Proctor & Gamble (Common Stock) 2019 2018 Shares Authorized Shares Issued Shares Outstanding Treasury Stock Shares 2019 2018 4,239 $ 6,048 4,951 2,569 9.281 4,686 Consolidated Balance Sheets Amounts in millions; As of June 30 Assets CURRENT ASSETS Cash and cash equivalents Available-for-sale investment securities Accounts receivable INVENTORIES Materials and supplies Work in process Finished goods Total inventories Prepaid expenses and other current assets TOTAL CURRENT ASSETS PROPERTY, PLANT AND EQUIPMENT, NET GOODWILL TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET OTHER NONCURRENT ASSETS TOTAL ASSETS 1,289 1.335 612 588 3,116 2.815 5,017 4.738 2,218 2,046 22,473 23,320 21,271 20,600 40,273 45,175 24,215 23,902 6,863 5,313 115,095 S 118,310 11,260 $ 9,054 9,697 30,011 20,395 6,899 10,211 67,516 10,344 7.470 10,423 28,237 20,863 6,163 10,164 65,427 Liabilities and Shareholders' Equity CURRENT LIABILITIES Accounts payable Accrued and other liabilities Debt due within one year TOTAL CURRENT LIABILITIES LONG-TERM DEBT DEFERRED INCOME TAXES OTHER NONCURRENT LIABILITIES TOTAL LIABILITIES SHAREHOLDERS' EQUITY Convertible Class A preferred stock, stated value S1 per share (600 shares authorized) Non-Voting Class B preferred stock, stated value S1 per share (200 shares authorized) Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2019 - 4,009.2, 2018 - 4,009.2) Additional paid-in capital Reserve for ESOP debt retirement Accumulated other comprehensive income/(loss) Treasury stock, at cost (shares held: 2019 - 1,504.5, 2018-1,511.2) Retained earnings Noncontrolling interest TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 928 967 4,009 4,009 63,827 63,846 (1,146) (1,204) (14,936) (14,749) (100,406) (99,217) 94,918 98,641 385 590 47,579 52,883 $ 115,095 S 118,310
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