The financial statements of P&G are presented in Appendix 5B or can be accessed at the books
Question:
The financial statements of P&G are presented in Appendix 5B or can be accessed at the book’s companion website, www.wiley.com/college/kieso.
Instructions
Refer to P&G’s financial statements, accompanying notes, and management’s discussion and analysis to answer the following questions.
(a) What types of leases are used by P&G?
(b) What amount of capital leases was reported by P&G in total and for less than one year?
(c) What minimum annual rental commitments under all noncancelable leases at June 30, 2009, did P&G disclose?
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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