Instructions ng why the warrants are not included in the calculation. USING YOUR JUDGMENT Financial Reporting Problem The Procter &Gamble Company (P&G) 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 and accompanying notes to answer the following questions. Under P&G's stock-based compensation plan, stock options are granted annually to key managers and directors. (1) (2) (3) (4) (a) How many options were granted during 2014 under the plan? How many options were exercisable at June 30, 2014? How many options were exercised in 2014, and what was the average price of those exercised? What is the total stock-based compensation expense for stock options and the total compensation expense f restricted stock, restricted stock units (RSUs), and performance stock units (PSUs) for 2014, 2013, and 2012? To what accounts are the proceeds from these option exercises credited? What was the number of outstanding options at June 30, 2014, and at what average exercise price? (5) (6) Instructions ng why the warrants are not included in the calculation. USING YOUR JUDGMENT Financial Reporting Problem The Procter &Gamble Company (P&G) 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 and accompanying notes to answer the following questions. Under P&G's stock-based compensation plan, stock options are granted annually to key managers and directors. (1) (2) (3) (4) (a) How many options were granted during 2014 under the plan? How many options were exercisable at June 30, 2014? How many options were exercised in 2014, and what was the average price of those exercised? What is the total stock-based compensation expense for stock options and the total compensation expense f restricted stock, restricted stock units (RSUs), and performance stock units (PSUs) for 2014, 2013, and 2012? To what accounts are the proceeds from these option exercises credited? What was the number of outstanding options at June 30, 2014, and at what average exercise price? (5) (6)