Refer to P&G's financial statements and the related information in the annual report to answer the following questions. (a) What alternative formats could P&G have adopted for its balance sheet? Which format did it adopt? (b) Identify the various techniques of disclosure P&G might have used to disclose additional pertinent financial information. Which technique does it use in its financials? (d) What were P&G's cash flows from its operating, investing, and financing activities for 2014? What were its trends in net cash provided by operating activities over the period 2012 to 2014? Explain why the change in accounts payable and in accrued and other liabilities is added to net income to arrive at net cash provided by operating activities.

KAPPELER CORPORATION STATEMENT OF CASH FLOWs FOR THE YEAR ENDED DECEMBER 31, 2017 Cash flows from operating activities 100,000 Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Amortization expense Loss on sale of fixed assets Increase in accounts receivable (net) Increase in inventory Decrease in accounts payable $ 10,000 1,000 5,000 (40,000) (35,000) (41,000) (100,000) Net cash provided by operating activities Cash flows from investing activities Sale of plant assets Purchase of equipment Purchase of land 25,000 (100,000) (200,000) Net cash used by investing activities Cash flows from financing activities (275,000) Payment of dividends Redemption of bonds (10,000) (100,000) Net cash used by financing activities Net decrease in cash Cash balance, January 1, 2017 Cash balance, December 31, 2017 (110,000) (385,000) 400,000 $ 15,000