On the statement of comprehensive income within its 2012 annual report, Bristol-Myers Squibb included a $12 million

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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.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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