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M9-16. interpreting disclosure on investments in affiliates (L02). Merck 10-K report included the following footnotes...

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Accounting

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

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