Question

RWP #3 – Taxes

Obtain to the most recent 10-K's for Proctor & Gamble Co and Coca Cola Co and complete the table below for the most recent fiscal year end:

		P&G	Coke
1	Total Income Taxes on Continuing Operations per IS
2	Accrued Income Taxes (Taxes Payable) per BS, if listed
3	Total DTA per BS, if listed
4	Total DTL per BS, if listed
5	Total Valuation Allowances
6	Statutory Tax Rate
7	Effective Tax Rate

Answer 1

The latest 10-k for P&G is for 2018 (i.e. year ended on June 30th 2018) and for that of Coca Cola is 2018 (i.e. year ended on December 31st 2018).

	P&G	P&G	Coke
1	Total Income Taxes on Continuing Operations per IS	3,465.00	1,623.00	(in $ millions)
2	Accrued Income Taxes (Taxes Payable) per BS, if listed	268.00	378.00	(in $ millions)
3	Total DTA per BS, if listed	3,826.00	5,053.00	(in $ millions)
4	Total DTL per BS, if listed	8,018.00	4,319.00	(in $ millions)
5	Total Valuation Allowances	457.00	399.00	(in $ millions)
6	Statutory Tax Rate	28.10	21.00	(in %)
7	Effective Tax Rate	26.00	19.40	(in %)