ACCT 3010

Required: 1. CVS indicates in Note 1 that it has some short-term investments that consist of certificates of deposit (CDs). a. How has CVS classified those CDs for accounting purposes? b. Per CVS's balance sheet, what was the balance in CVS's short-term investments as of December 31, 2017, and December 31, 2016? c. Per CVS's statement of cash flows, what cash transactions affected short-term investments during 2017? 2. Per Note 1, CVS has equity-method investments in SureScripts, LLC, and in Heartland Healthcare Services. CVS indicates that those investments are immaterial for the year ended December 31, 2017 Assuming that the Heartland investment is material, a. How would Heartland's earnings affect CVS's income statement? b. How would Heartland's earnings affect CVS's balance sheet? Complete this question by entering your answers in the tabs below. Req la Req1b Regic Reg 2 a. How has CVS classified those CDs for accounting purposes? Per Note 1, the investments are classifieds Required: 1. CVS indicates in Note 1 that it has some short-term investments that consist of certificates of deposit (CDs). a. How has CVS classified those CDs for accounting purposes? b. Per CVS's balance sheet, what was the balance in CVS's short-term investments as of December 31, 2017, and December 31, 2016? c. Per CVS's statement of cash flows, what cash transactions affected short-term investments during 2017? 2. Per Note 1, CVS has equity-method investments in SureScripts, LLC, and in Heartland Healthcare Services. CVS indicates that those investments are immaterial for the year ended December 31, 2017 Assuming that the Heartland investment is material, a. How would Heartland's earnings affect CVS's income statement? b. How would Heartland's earnings affect CVS's balance sheet? Complete this question by entering your answers in the tabs below. Req la Req1b Regic Reg 2 a. How has CVS classified those CDs for accounting purposes? Per Note 1, the investments are classifieds