Discuss each item in terms of its persistence

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Reference no: EM131415376

In its 2008 annual report, which included a statement of comprehensive income, Bristol-Myers Squibb reported the following items (dollars in millions):

REQUIRED:

a. Explain the nature of each item, describe where they would be disclosed on the income statement (including comprehensive income), and state whether or not they would be reported net of taxes.

b. Discuss each item in terms of its persistence.

Reference no: EM131415376

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