User Account

All Pages

How does pandg account for trade promotions

Assignment Help Accounting Basics
Reference no: EM131592178

Question: FINANCIAL REPORTING

Financial Reporting Problem

The Procter & Gamble Company (P&G)

The financial statements of P&G are presented in Appendix 5B. The company's complete annual report, including the notes to the financial statements, can be accessed at the book's companion website, www.wiley.com/college/kieso. Instructions Refer to P&G's financial statements and the accompanying notes to answer the following questions.

(a) What were P&G's net sales for 2011?

(b) What was the percentage of increase or decrease in P&G's net sales from 2010 to 2011? From 2009 to 2010? From 2009 to 2011?

(c) In its notes to the financial statements, what criteria does P&G use to recognize revenue?

(d) How does P&G account for trade promotions? Does the accounting conform to accrual accounting concepts? Explain.

Reference no: EM131592178

Questions Cloud

Discuss the alternatives that amigos burrito inc might use : Amigos Burrito Inc. sells franchises to independent operators throughout the northwestern part of the United States.
Generous private health insurance plans : A busy clinical laboratory is considering the purchase of new tissue processing equipment that will cut the time of producing test results in half.
Discuss how bond options can be used for hedging strategies : Discuss how bond options can be used for hedging strategies.
Develop a plan to reduce domestic violence in the city : Police chief that has been tasked by the city mayor to develop a plan to reduce domestic violence in the city
How does pandg account for trade promotions : The financial statements of P&G are presented in Appendix 5B. The company's complete annual report, including the notes to the financial statements.
Forming business alliances : In "Finding the Ideal Partner," Kwicien (2012) asserts that many organizations can grow only by forming business alliances.
Which of the two options do you favor and why : Which of the two options do you favor and why? Develop and explain your argument. Some financial instruments can have both debt and equity features
What actions should ford have taken to satisfy them : The Ford Pinto case is a well-known case that is often discussed. If not, then what actions should Ford have taken to satisfy them? Explain your reasoning.
Exercise price and expiration date as the call option : What is the value of a put option (to the nearest dollar) written on the stock with the same exercise price and expiration date as the call option?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd