Use the following year-end footnote disclosure from Pfizer's (10-mathrm{K}) report to answer parts (a) and (b). a.

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Use the following year-end footnote disclosure from Pfizer's $10-\mathrm{K}$ report to answer parts $a$ and $b$.

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a. What amount does Pfizer report on its balance sheet as available-for-sale equity securities? Explain.

b. How does Pfizer report the net unrealized gain of $\$ 114$ million ( $\$ 127$ million - $\$ 13$ million) in its financial statements?

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Financial Accounting For MBAs

ISBN: 9781934319345

4th Edition

Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally

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Question Posted: Jun 24, 2024 02:01 AM

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Use the following year-end footnote disclosure from Pfizer's (10-mathrm{K}) report to answer parts (a) and (b). a.

Question:

(Millions of Dollars) 2007 Cost of available-for-sale equity securities $202 Gross unrealized gains... 127 Gross unrealized losses.. Fair value of available-for-sale equity securities (13) $316

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Financial Accounting For MBAs

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