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The financial statements of Procter & Gamble Company available at https://www.pg.com/en_US/index.shtml . Refer to P&G's financial statements and the accompanying notes to answer the following questions:
Using the notes to the consolidated financial statements, determine P&G's revenue recognition policies. Discuss the impact of trade promotions on P&G's financial statements.
Give two examples of where historical cost information is reported in P&G's financial statements and related notes. Give two examples of the use of fair value information reported in either the financial statements or related notes.
How can we determine that the accounting principles used by P&G are prepared on a basis consistent with those of last year?
What is P&G's accounting policy related to advertising? What accounting principle does P&G follow regarding accounting for advertising? Where are advertising expenses reported in the financial statements?
Illustrate what is the largest variable cost per carton that can be paid and still achieve a profit of $1million.
calafs drillers erects and places into service an offshore oil platform on 1st january 2013 at a cost of 10375000.
Purpose absorption and contribution margin income statements for the succeeding quarter for the division. Evaluate production costs per unit for both approaches and for both quarters.
Respond to the following questions thoroughly, in 150-300 words for each question. 1.What are the pros and cons of the decision rules for the NPV, the IRR, the MIRR
An investor purchases 200 shares of XYX stock for $55.00 a share and immediately sells 2 covered call contracts at a strike price of $60.00 a share. The premium is $3.00 a share. What are maximum profit and maximum loss?
This is the remaining balance of a twelve-month advertising campaign purchased on August 31 in the current year. Assuming the cost is spread equally over each month how much did this advertising campaign cost in total?
determine that the total estimated life should be 15 years with a salvage value of 4000 at the end of that time. Prepare the entry (if any) to correct the prior years depreciation.
Evaluate the accumulated depreciation for each machine at December 31, 2008 - The Capital Company purchased 3 machines in the past year. Information regarding these items
the interests of catharsis and a civil society - I want you to conclude by discussing (briefly) any preventive or detective controls could be put into place to address your scheme.
a. What activities are included in the statement of cash flows under the section entitled "Cash flows from financing activities"? What is the difference between U.S. GAAP and IFRS with regard to the correction of accounting errors?
high-low method determining an equation for electricity cost forecasting electricity cost at a volume using such
Prepare closing entries as appropriate. What would have been the difference in the year-end financial statements, if any, had the county not made the budgetary entries?
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