Question

On the statement of comprehensive income within its 2012 annual report, Bristol-Myers Squibb included a $12 million line item behind “available-for-sale securities.” During 2012 the company maintained a portfolio of marketable securities in the current asset section of the balance sheet of $1,173 million.

REQUIRED:
Explain the event that led to the $12 million amount listed on the statement of comprehensive income, and where else on the financial statements this amount would be reflected.



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  • CreatedAugust 19, 2014
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