Amgen Inc. reports the following disclosure relating to its December 31, 2012, accumulated other comprehensive income ($

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Amgen Inc. reports the following disclosure relating to its December 31, 2012, accumulated other comprehensive income (\$ millions).

(a) How is Amgen accounting for its investment in marketable equity securities? How do you know?

(b) Explain how its 2012 financial statements are impacted by Amgen's unrealized gains on its investment in marketable equity securities.

(c) Explain the reclassification adjustments to income of $\$ 132$ million. image text in transcribed

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Financial And Managerial Accounting For MBAs

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Authors: Peter D. Easton

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Amgen Inc. reports the following disclosure relating to its December 31, 2012, accumulated other comprehensive income ($

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Financial And Managerial Accounting For MBAs

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