(Solution) - On the statement of comprehensive income within its 2008 annual -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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On the statement of comprehensive income within its 2008 annual report, Bristol-Myers Squibb included a ($37) million line item behind ?available-for-sale securities.? During 2008 the company maintained a portfolio of marketable securities in the current asset section of the balance sheet of nearly $289 million.
REQUIRED:
Explain the event that led to the ($37) million amount listed on the statement of comprehensive income, and where else on the financial statements this amount would be reflected.