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1. Assume Berkshire Hathaway reports the following footnote with its 10-K report ($ millions). Data with respect to investments in equity securities are shown below.
1. Assume Berkshire Hathaway reports the following footnote with its 10-K report ($ millions). Data with respect to investments in equity securities are shown below. Amounts are in millions. Unrealized Gains/losses December 31, 2016 American Express Company. The Coca-Cola Company The Procter & Gamble Company Wells Fargo & Company Other Cost Fair Value $ 1,287 $ 6,515 $7,802 1,299 6,763 8,062 5,963 (175) 5,786 2,754 3,221 5,975 10,036 $21.339 9,058 19,094 $25,382 $46.721 At what amount does Berkshire Hathaway report its equity securities investment portfolio on its balance sheet? a. $46,896 million b. $21,339 million c. $46,721 million d. $21,164 million
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