M9-16. interpreting disclosure on investments in affiliates
(L02). Merck 10-K report included the following footnotes
disclosures. investment in Affiliates accounted for using the
equity method . . . totaled $1.3 billion at December 31,2012. . .
these amounts are reported in other assets a. At what amount are
the equity method invesments reported on Mercks balance sheet? Does
this amount represent Merck adjustment cost or fair value b. how
does Merck account for the dividends received on these investment?
c. what sources of income does the company report for these
investment