Question: Biomet Inc provided the following disclosures in Note 4 of

Biomet Inc. provided the following disclosures in Note 4 of its 2012 annual report. It describes the company’s investments in available-for-sale equity securities (dollars in millions).


a. Compute the fair market value of Biomet’s available-for-sale equity portfolio for both 2012 and 2011.
b. What was the effect on the company’s comprehensive income amount associated with its available-for-sale securities?
c. Assume that Biomet sold its entire portfolio of available-for-sale securities at the end of 2012. How much income would be realized on the sale? Provide the journalentry.


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  • CreatedAugust 19, 2014
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