30. Fill in the blanks to complete Procter & Gamble’s Income Statement ($ millions).
Procter & Gamble
Income Statement
For Year Ended June 30, 2011
Sales $ ?
Expenses 67,370
Earnings before income taxes 15,189
Income taxes ?
Net earnings $ 11,797
Fill in the blanks to complete the Procter & Gamble Balance Sheet ($ millions).
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Procter & Gamble
Balance Sheet
June 30, 2011
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Cash
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$ 2,768
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Current liabilities
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$ ?
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Non-cash assets
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?
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Long-term liabilities
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43,060
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Shareholders’ equity
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68,001
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Total assets
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$ ?
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Total liabilities and equity
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$138,354
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Identify the financial statements in which you would find each of the items listed below. Some items may appear on more than one statement. Indicate all financial statements that apply to each item. The possible choices are:
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B :
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Balance sheet
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SE :
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Statement of Stockholders’ Equity
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I :
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Income Statement
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CF :
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Statement of Cash Flows
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Financial Statement Item
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Financial Statement
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a. Office building
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b. Trademarks
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c. Dividends
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d. Proceeds of sale of investments
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e. Repayments of bank loan
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f. Treasury stock
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