(2 marks) f) Almost all businesses have been badly affected by the spread of Covid-19 in 2020. Nevertheless, Procter & Gamble's 2020 annual report shows that net income in 2020 is significantly higher than net income in 2019. Give explanation for this situation and provide evidence from annual report. (3 marks) an Write your answer in the space provided in the following table: Answer nts of impairment . enerating unit suffered pairment loss of will derlying business is that required Procter ble to record a will impairment id Procter & Gamble the 2020 goodwill ment in its income ment and cash flow ent? method did Procter & e use in preparing its ow statement? Proof nswer. n explanation for this on and provide ce from annual report *** Answers not provided in a tabular format (2 marks) f) Almost all businesses have been badly affected by the spread of Covid-19 in 2020. Nevertheless, Procter & Gamble's 2020 annual report shows that net income in 2020 is significantly higher than net income in 2019. Give explanation for this situation and provide evidence from annual report. (3 marks) an Write your answer in the space provided in the following table: Answer nts of impairment . enerating unit suffered pairment loss of will derlying business is that required Procter ble to record a will impairment id Procter & Gamble the 2020 goodwill ment in its income ment and cash flow ent? method did Procter & e use in preparing its ow statement? Proof nswer. n explanation for this on and provide ce from annual report *** Answers not provided in a tabular format