The Procter & Gamble Company (P&G):

Please answer the following three questions.

question 1- of the roughly $8 billion write down, enter the amount pertained to each of the three items listed below

Property, Plant $ Equipment ________________

Goodwill _________________

Intangibles ______________________

Question 2- Where did Proctor and Gamble classify the write down in its income statement?

Question 3- What authoritative literature contains the guidance for accounting for these types of write downs and their proper classification in the income statement?

Consolidated Statements of Earnings Amounts in millions except per share amounts: Years ended June 30 2017 2016 2015 NET SALES $ 65,058 S 65,299 $ 70,749 Cost of products sold 32,535 32,909 37,056 Selling, general and administrative expense 18,568 18,949 20.616 Venezuela deconsolidation charge 2,028 OPERATING INCOME 13,955 13,441 11,049 Interest expense 465 579 626 Interest income 171 182 149 Other non-operating income/expense), net (404) 325 440 EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 13,257 13,369 11,012 Income taxes on continuing operations 3,063 3,342 2,725 NET EARNINGS FROM CONTINUING OPERATIONS 10,194 10,027 8,287 NET EARNINGS/(LOSS) FROM DISCONTINUED OPERATIONS 5,217 577 (1,143) NET EARNINGS 15,411 10,604 7,144 Less: Net earnings attributable to noncontrolling interests 85 96 108 NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE $ 15,326 $ 10,508 S 7,036 BASIC NET EARNINGS PER COMMON SHARE: (1) Earnings from continuing operations $ 3.79 $ 3.59 $ 2.92 Earnings/(loss) from discontinued operations 2.01 0.21 (0.42) BASIC NET EARNINGS PER COMMON SHARE $ 5.80 $ 3.80 $ 2.50 DILUTED NET EARNINGS PER COMMON SHARE: (1) Earnings from continuing operations $ 3.69 $ 3.49 $ 2.84 Earnings/(loss) from discontinued operations 1.90 0.20 (0.40) DILUTED NET EARNINGS PER COMMON SHARE $ 5.59 $ 3.69 $ 2.44 DIVIDENDS PER COMMON SHARE $ 2.70 $ 2.66 $ 2.59 Consolidated Statements of Comprehensive Income 2017 2016 2015 $ 15,411 S 10,604 $ 7,144 Amounts in millions; Years ended June 30 NET EARNINGS OTHER COMPREHENSIVE INCOME/LOSS), NET OF TAX Financial statement translation Unrealized gains/(losses) on hedges (net of $(186), $5 and $739 tax, respectively) Unrealized gains/(losses) on investment securities (net of $(6), $7 and $0 tax, respectively) Unrealized gains/(losses) on defined benefit retirement plans (net of $551, S(621) and $328 tax, respectively) TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX TOTAL COMPREHENSIVE INCOME Less: Total comprehensive income attributable to noncontrolling interests TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO PROCTER & GAMBLE 239 (1,679) (7,220) (306) 1 1,234 (59) 28 24 1,401 (1,477) 844 1,275 (3,127) (5,118) 16,686 7,477 2,026 85 96 108 $ 16,601 $ 7,381 $ 1,918 Consided whence Street ng is place at Juu WIZI CURRENT AVEIS 33.980 S 12 2.AT 2,190 O RIY I'LANI AND LOUVENT, NE! TRADEMARKS AND DIMER INANCIELE ASSES, NEI CIMER NOINCUMIENIAIS $ 120.405 3.12.13 Lanterat 2.582 2323 IDIAL CUISI LIAUS DEPICKED INCOME LAXES QIHEH NOINCURICENI LIABILITIES 1.000 1.000 Currie Charack V preduk Cracked v per was w ww t par 200 (10,000 word, 2017 - 4,00612.2016 -4,3092) 4. H 11.240 1.230 ar Acumul resury suck bir am co eld: 2017-1.456.2016 - 134121 15,124 , TRIAL SHAREHOLDERS EQUIY DIAL LIABILIS AND MAREHOLDERS' EQUITY 22 12.40 . 13 her BALANCE JUNE 2014 2 . 400 3.1 315400 c250 area ara aal BALANCE JUNE 2, 2015 alg 2,714571SA000S107 1 313 312. 7221 31 SONO 13.12 I' m reallax 144) 057 BALANCE JUNE 10, 2018 2. 4 SD S1 USB 33.734 972303 375 382,173387953 he 1154 114.25 BALANCE JUNE 2017 25920 54. 51 .541 312 314.532 .713 338.124 Canalwedbet Chew 2017 2018 2019 Ant on Younded.net CASH AND CASH EQUIVALENIS, BELINNING OF YEAR CERTAINC ACEIVES Change in una pay there ALGIE 14,34512,515 9.841 Hochdadlo Bay BX Ca n dlowy Balur och upon the Bely chwar 13. 502.22 17.227 128 2.7274132580 14. 992.2123512 19,2044,0041 14,804 Try it in the IPIAL PINANG ACTIVITIES . 9.218 2019 EFFECT OF EXCHANCE HAIE CHANCES ON CASH AND CASH EQUIVALENTS CHANCE IN CASH AND CAYM EQUIVALENIS CASH AND CASH BOUIVALENIS, END OF YEAJE 5. 1023 S . C ur non Liture albu m dagelor of Salz Duny wine of Glock mot 11.35 Asai reud INTHata harantaries - - Consolidated Statements of Earnings Amounts in millions except per share amounts: Years ended June 30 2017 2016 2015 NET SALES $ 65,058 S 65,299 $ 70,749 Cost of products sold 32,535 32,909 37,056 Selling, general and administrative expense 18,568 18,949 20.616 Venezuela deconsolidation charge 2,028 OPERATING INCOME 13,955 13,441 11,049 Interest expense 465 579 626 Interest income 171 182 149 Other non-operating income/expense), net (404) 325 440 EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 13,257 13,369 11,012 Income taxes on continuing operations 3,063 3,342 2,725 NET EARNINGS FROM CONTINUING OPERATIONS 10,194 10,027 8,287 NET EARNINGS/(LOSS) FROM DISCONTINUED OPERATIONS 5,217 577 (1,143) NET EARNINGS 15,411 10,604 7,144 Less: Net earnings attributable to noncontrolling interests 85 96 108 NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE $ 15,326 $ 10,508 S 7,036 BASIC NET EARNINGS PER COMMON SHARE: (1) Earnings from continuing operations $ 3.79 $ 3.59 $ 2.92 Earnings/(loss) from discontinued operations 2.01 0.21 (0.42) BASIC NET EARNINGS PER COMMON SHARE $ 5.80 $ 3.80 $ 2.50 DILUTED NET EARNINGS PER COMMON SHARE: (1) Earnings from continuing operations $ 3.69 $ 3.49 $ 2.84 Earnings/(loss) from discontinued operations 1.90 0.20 (0.40) DILUTED NET EARNINGS PER COMMON SHARE $ 5.59 $ 3.69 $ 2.44 DIVIDENDS PER COMMON SHARE $ 2.70 $ 2.66 $ 2.59 Consolidated Statements of Comprehensive Income 2017 2016 2015 $ 15,411 S 10,604 $ 7,144 Amounts in millions; Years ended June 30 NET EARNINGS OTHER COMPREHENSIVE INCOME/LOSS), NET OF TAX Financial statement translation Unrealized gains/(losses) on hedges (net of $(186), $5 and $739 tax, respectively) Unrealized gains/(losses) on investment securities (net of $(6), $7 and $0 tax, respectively) Unrealized gains/(losses) on defined benefit retirement plans (net of $551, S(621) and $328 tax, respectively) TOTAL OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX TOTAL COMPREHENSIVE INCOME Less: Total comprehensive income attributable to noncontrolling interests TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO PROCTER & GAMBLE 239 (1,679) (7,220) (306) 1 1,234 (59) 28 24 1,401 (1,477) 844 1,275 (3,127) (5,118) 16,686 7,477 2,026 85 96 108 $ 16,601 $ 7,381 $ 1,918 Consided whence Street ng is place at Juu WIZI CURRENT AVEIS 33.980 S 12 2.AT 2,190 O RIY I'LANI AND LOUVENT, NE! TRADEMARKS AND DIMER INANCIELE ASSES, NEI CIMER NOINCUMIENIAIS $ 120.405 3.12.13 Lanterat 2.582 2323 IDIAL CUISI LIAUS DEPICKED INCOME LAXES QIHEH NOINCURICENI LIABILITIES 1.000 1.000 Currie Charack V preduk Cracked v per was w ww t par 200 (10,000 word, 2017 - 4,00612.2016 -4,3092) 4. H 11.240 1.230 ar Acumul resury suck bir am co eld: 2017-1.456.2016 - 134121 15,124 , TRIAL SHAREHOLDERS EQUIY DIAL LIABILIS AND MAREHOLDERS' EQUITY 22 12.40 . 13 her BALANCE JUNE 2014 2 . 400 3.1 315400 c250 area ara aal BALANCE JUNE 2, 2015 alg 2,714571SA000S107 1 313 312. 7221 31 SONO 13.12 I' m reallax 144) 057 BALANCE JUNE 10, 2018 2. 4 SD S1 USB 33.734 972303 375 382,173387953 he 1154 114.25 BALANCE JUNE 2017 25920 54. 51 .541 312 314.532 .713 338.124 Canalwedbet Chew 2017 2018 2019 Ant on Younded.net CASH AND CASH EQUIVALENIS, BELINNING OF YEAR CERTAINC ACEIVES Change in una pay there ALGIE 14,34512,515 9.841 Hochdadlo Bay BX Ca n dlowy Balur och upon the Bely chwar 13. 502.22 17.227 128 2.7274132580 14. 992.2123512 19,2044,0041 14,804 Try it in the IPIAL PINANG ACTIVITIES . 9.218 2019 EFFECT OF EXCHANCE HAIE CHANCES ON CASH AND CASH EQUIVALENTS CHANCE IN CASH AND CAYM EQUIVALENIS CASH AND CASH BOUIVALENIS, END OF YEAJE 5. 1023 S . C ur non Liture albu m dagelor of Salz Duny wine of Glock mot 11.35 Asai reud INTHata harantaries