Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 5 - Using Your Judgment - Financial Reporting - Instructions - Page 296: a

Answer

The Procter and Gamble (P&G) could have adopted the account form. The company currently uses the report form.

Work Step by Step

In the balance sheet, the account form presents information horizontally while the report form presents information in a vertical form.
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