Chap 12-case study on investments

Chap 12-case study on investments - AC 303 Chap 12 RWC 7...

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Unformatted text preview: AC 303 April 30, 2008 Chap 12 RWC 7- page 603 1. What is the amount and classification of any investment securities reported on the balance sheet? In which current and noncurrent assets categories are investments reported by Merck? What criteria are used to determine these classifications? Short-term investments 2,894.7 Long-term Investments 7,159.2 Total Available-for-sale investments $ 10,053.9 Investments — Investments classified as available-for-sale are reported at fair value, with unrealized gains or losses, to the extent not hedged, reported net of tax in Accumulated other comprehensive income (“AOCI”). Investments in debt securities classified as held- to-maturity, consistent with management’s intent, are reported at cost. Impairment losses are charged to Other (income) expense, net, for other -than-temporary declines in fair value. The Company considers available evidence in evaluating potential impairment of its investments, including the duration and extent to which fair value is less than cost and...
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Chap 12-case study on investments - AC 303 Chap 12 RWC 7...

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