Mic ment is $2.65 million. What amount of income does Kross report relating to this investment in Penno for the year? Explain. M9-20. Interpreting Disclosures on Investments in Affiliates Merck's 10-K report include the following footnote disclosure. LO2 MERCK & CO. INC. (MRK) Recod Chang Investments in affiliates accounted for using the equity method, 31, 2015. These amounts are reported in Other assets. totaled $702 million at December Cre a. At what amount are the equity method investments reported on Merck's balance sheet? Does this amount represent Merck's adjusted cost or fair value? b.How does Merck account for the dividends received on these investments? c. What income does the company report for these investments? Edi Con Ser Sto Module 9 Intercorporate Entities 9.42 13.98 in 119:21 Comnutina Concalidatinn dinciments and Nane