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Answer the following questions based on the 2011 annual report of Proctor & Gamble Corporation (P&G). A link to the annual report is provided below. The financial statements are on pp. 31-74 of the annual report, and all questions can be answered within those pages. Points for each question are given in parentheses.

1. What firm audited the financial statements? What type of opinion was issued?
2. With regard to amortized intangibles:
a. What are the main types of asset being amortized?
b. What is the trend in amortization expense 2009-2011?
c. Is this trend expected to continue?

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  • Category:- Accounting Basics
  • Reference No.:- M9413186

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