I need help with answers to the questions below from A through D - please,...
50.1K
Verified Solution
Link Copied!
Question
Accounting
I need help with answers to the questions below from A through D - please, specifed answers using the letters and not numbers. Thanks!
Target does not have investments in stock or bonds. However, CVS Health Corp., which purchased Targets pharmacy and clinical business during 2015, does have some investments. Access CVSs 2015 10K (issued on February 9, 2016) at investors.cvshealth.com to answer the following questions:
CVS indicates in Note 1 that it has some short-term investments that consist of certificates of deposit (CDs). a. How has CVS classified those CDs for accounting purposes? b. Per CVSs balance sheet, what was the balance in CVSs short-term investments as of December 31, 2015 and December 31, 2014? c. Per CVSs statement of cash flows, what cash transactions affected short-term investments during 2015? d. Prepare a T-account that summarizes transactions affecting CVSs short-term investments during 2015. Speculate as to the explanation for any plug figure necessary to make the Taccount balance.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
