Chapter 5 - losses charged to shareholders’ equity...

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Chapter 5 Financial Reporting Problem - The Procter & Gamble Company (P&G) (a) P&G could adopt the account form or the report form. P&G adopted the account form. (c) P&G’s investments reported in current assets of the balance sheet. In Investments under Note 1, it stated that “Investment securities consist of auction rate securities that approximate fair value, readily marketable debt and equity securities that are classified as trading with unrealized gains or losses charged to earnings, and available-for-sale securities with unrealized gains or
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