Before you begin this assignment, review the Tying It All Together feature in the chapter. It will
Question:
Before you begin this assignment, review the Tying It All Together feature in the chapter. It will also be helpful if you review Berkshire Hathaway, Inc.’s 2018 annual report (https://www.sec.gov/Archives/edgar/data/1067983/000119312519048926/d678758d10k.htm).
Berkshire Hathaway, Inc. is a holding company owning subsidiaries that engage in a variety of different business activities including insurance, freight rail transportation, utilities and energy, manufacturing, services and retail.
Requirements With a partner or group, lead your class in a discussion of the following questions or write a report as directed by your instructor.
1. Review Note 3 (Investments in fixed maturity securities). At December 31, 2018, what type of investments in securities with fixed maturities did the company hold?
2. Review Note 4 (Investments in equity securities). At December 31, 2018, what type of investments in equity securities did the company hold?
3. Review Note 1
(d) (Investments in fixed maturity securities) and Note 1
(e) (Investments in equity securities). How, if at all, does the company use fair value measurements in regards to its investments?
Step by Step Answer:
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9781292412320
7th Global Edition
Authors: Tracie Miller-Nobles, Brenda Mattison, Ella Mae Matsumura