The financial statements of Procter & Gamble Company

The financial statements of Procter & Gamble Company Refer to P&G’s financial statements and the accompanying notes to answer the following questions:

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 financial statements.

Give two examples of where historical cost information is reported in P&G’s financial statements and related notes. Give two examples of the use of fair value information

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