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Merck & Co., Inc. reports a December 31, 2016 balance of $715 million in Investments in affiliates accounted for using the equity method (Investments in
Merck & Co., Inc. reports a December 31, 2016 balance of $715 million in "Investments in affiliates accounted for using the equity method" ("Investments in affiliates"). Provide the entries for the following events for fiscal year 2017: a. Merck's share of income from its affiliates was $42 million. b. Merck received dividends and distributions from its affiliates of $2 million during fiscal year 2017. Note: Enter answers in millions. Ref. Description Debit Credit C. After these events, what should be the balance in Merck's investments in affiliates account at December 31, 2017? million
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