Question: The financial statements of P&G are provided in Appendix 5B or can be accessed at the books companion website, www.wiley.com/college/kieso. Instructions Refer to P&Gs financial
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 covered 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?
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 covered 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?
Step by Step Solution
★★★★★
3.39 Rating (161 Votes )
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
a New Pronouncements and Reclassifications PG reported the following changes in accounting principles FAIR VALUE MEASUREMENTS On July 1 2008 we adopted new accounting guidance on fair value measuremen... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Document Format (1 attachment)
51-B-A-E-A (85).docx
120 KBs Word File