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P&G decreed that the company would search outside their organization for new ideas.To achieve this,the company used
Balance Sheet
A financial statement that shows the assets, liabilities, and shareholders' equity of a company at a specific point in time.
Classified Balance Sheet
A financial statement that organizes assets, liabilities, and equity into subcategories for clearer understanding.
Current Assets
Resources anticipated to be transformed into cash, disposed of, or utilized within a period of a year or over the duration of the company's operating cycle, depending on which timeframe extends further.
Long-term Investments
Investments in stocks, bonds, real estate, or other instruments that are not intended to be sold or liquidated within the next year.
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