The following table was taken from the 2012 annual report of Merck & Company, a major U.S.
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REQUIRED:
a. What is comprehensive income and how does it differ from net income?
b. This table indicates that Merck carries certain kinds of investments on its balance sheet. What are they, and what happened to the values of those investments in 2012, 2011, and2010?
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a Comprehensive income includes all nonowner changes in shareholder equity that do not already appea...View the full answer
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