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Could you please help answer following questions in 2-3 sentences
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?
(c) P&G reports no allowance for doubtful accounts, suggesting that bad debt expense is not material for this company. Is it reasonable that a company like P&G would not have material bad debt expense? Explain.
Attachment:- Assignment.rar
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