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The trial balance of P&G Company as of June 30, 2011 appears here ($ in millions): Prepare P & G income statement for the year
The trial balance of P&G Company as of June 30, 2011 appears here ($ in millions): Prepare P & G income statement for the year ended June 30, 2011, using a multiple-step format Prepare P & G income statement for the year ended June 30, 2011, using a single-step format. Which format for the income statement is more informative? Why? Prepare P & G classified balance sheet as of June 30, 2011
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