The financial statements of P&G are presented in Appendix 5B. The companys complete annual report, including the
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Instructions
Refer to P&G’s financial statements and the accompanying notes to answer the following questions.
(a) What descriptions are used by P&G in its balance sheet to classify its property, plant, and equipment?
(b) What method or methods of depreciation does P&G use to depreciate its property, plant, and equipment?
(c) Over what estimated useful lives does P&G depreciate its property, plant, and equipment?
(d) What amounts for depreciation and amortization expense did P&G charge to its income statement in 2011, 2010, and 2009?
(e) What were the capital expenditures for property, plant, and equipment made by P&G in 2011, 2010, and 2009?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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