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Berkshire Hathaway has 2 classes of common stock, class A and class B , each with different voting and dividend rights. BH has separate Common
Berkshire Hathaway has classes of common stock, class A and class B each with different voting and dividend rights. BH has separate Common stock and APIC accounts for
each class of stock on its balance sheet.
BH sells its class A and class B shares together in bundles to shareholders for a single price. Investors in these bundles receive share of class A stock and shares of class B
stock in exchange for $ in cash. On the date of the stock sale, here is the information about each class of common stock:
You win the lottery and purchase bundles of Berkshire Hathaway stock. Prepare BHs entry to record the sale of these bundles of its stock.
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