=+4. Gillette Company, maker of shaving products and many other personal products, showed a net income of
Question:
=+4. Gillette Company, maker of shaving products and many other personal products, showed a net income of $1.428 billion in 1998 and $1.427 bil-
lion in 1997 on page one of its 1998 annual report. A note to the 1998 income said that the 1998 income of $1.428 billion was to be reduced
$347 million due to reorganization and realignment expenses. Consis-
tent with this, the net income in the consolidated statement of income for 1998 was $1.081 billion.
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Accounting Theory Conceptual Issues In A Political And Economic Environment
ISBN: 9780324186239
6th Edition
Authors: Harry I. Wolk, James Dodd, Michael G. Tearney
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