The financial statements of PEG are presented in Appendix B of the textbook. 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 the accompanying notes to answer the following questions. (a) Using the notes to the consolidated financial statements, determine P&G's revenue recognition policies. Discuss the impact of trade promotions on P&G's nancial statements. (b) Give two examples of where historical cost information is reported in P&G's nancial statements and related notes. Give two examples of the use of fair value information reported in either the financial statements or related notes