Financial Reporting| Business
The Procter & Gamble Company (P&G)
The financial statements of P&G are presented in Appendix B. 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)What criteria does P&G use to classify “Cash and cash equivalents” as reported in its balance sheet?
(b)As of June 30, 2014, what balances did P&G have in cash and cash equivalents? What were the major uses of cash during the year?
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