What is comprehensive income

Reference no: EM131408438

The following table was taken from the 2008 annual report of Merck & Company, a major U.S. pharmaceutical company (dollars in millions).

REQUIRED:

a. What is comprehensive income and how does it differ from net income?

b. This table indicates that Merck carries certain kinds of investments on its balance sheet. What are they, and what happened to the values of those investments in 2008, 2007, and 2006?

Reference no: EM131408438

Questions Cloud

Discuss about the healthy meal : Kathy I agree with you. Social determinants of health can affect different funcioning and quality of life of individuals. When I think about the quality of life of the homeless I think about the condition in which they live, the unhealthy food the..

How the transaction affected the basic accounting equation : Recently, Johnson & Johnson purchased the outstanding common stock of several businesses for $2.8 billion in cash. The purchase price exceeded the estimated fair market value of the acquired assets by $1.8 billion, and Johnson & Johnson assumed li..

Assignment-conflict and teamwork : How can the way a business structures its teams impact the amount and type of conflict? How can a business structure its teams so that conflict resolution is maximized?

Write a comment about hand hygiene related post : Hand hygiene is huge and should be taught at an early age. In January the high school my son goes to was closed down do to high rate of norovirus in the students. That Friday they noticed that 10 students from the boys varsity basket ball team w..

What is comprehensive income : This table indicates that Merck carries certain kinds of investments on its balance sheet. What are they, and what happened to the values of those investments in 2008, 2007, and 2006?

Determining the use of technology : How can organizations retrain managers to measure, analyze, decide and act effectively with the use of technology? Is an HRIS sufficient? What other tools can be used?

Context of the solution-focused approach : In the context of the solution-focused approach, describe/assess several observable indicators that would cue you that the family is nearing a level of success, such that termination of therapy may be considered.

How target’s operating cash flows were managed during 2008 : Assuming that most of the accounts payable are owed to its inventory suppliers, what does the difference between these two amounts indicate about how Target's operating cash flows were managed during 2008?

Discuss cash flow implications of these inventory adjustment : Explain the nature of these adjustments and what they tell us about JCPenney's inventory balances in 2008, 2007, and 2006.

User Account

All Pages