The financial statements of P&G are presented in Appendix B. The companys complete annual report, including the
Question:
The financial statements of P&G are presented in Appendix B. The company’s complete annual report, including the notes to the financial statements, is available online.
Instructions
Refer to P&G’s financial statements, accompanying notes, and management’s discussion and analysis to answer the following questions.
a. What types of leases are used by P&G?
b. What amount of capital leases was reported by P&G in total and for less than one year?
c. What minimum annual rental commitments under all non-cancelable leases at June 30, 2017, did P&G disclose?
Financial StatementsFinancial 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...
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PG has not yet adopted the new lease standard its reporting reflects application of p...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
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