The 2015 annual report of Pfizer, Inc. (PFE) reveals that the company maintains a significant investment in
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The 2015 annual report of Pfizer, Inc. (PFE) reveals that the company maintains a significant investment in short-term investments:
During 2015, the company sold short-term investments (net of sales of short-term investments) totaling \($5,768\) million. Did the company’s portfolio of short-term investments experience a gain or a loss during 2015, and in what amount? Assuming all of Pfizer’s short-term investments are classified as available-for-sale securities, how did the company account for the gain or loss in 2015? Was the gain (loss) taxable (tax deductible) in 2015?
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Financial Accounting For Executives And MBAs
ISBN: 9781618531988
4th Edition
Authors: Wallace, Simko, Ferris
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