The Procter & Gamble Company (P&G) The financial statements of P&G are presented in Appendix 5B or

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The Procter & Gamble Company (P&G)

The financial statements of P&G are presented in Appendix 5B or can be accessed on the KWW website.

Instructions Refer to P&G’s financial statements and the accompanying notes to answer the following questions.

(a) What investments does P&G report in 2004, and where are these investments reported in its financial statements?

(b) How are P&G’s investments valued? How does P&G determine fair value?

(c) How does P&G use derivative financial instruments?

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Intermediate Accounting

ISBN: 9780471448969

11th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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