Question
Berkshire Hathaway Inc. had the following transactions in November 2024: Issued 420,000 shares of common stock for $450 per share. Purchased equipment for $40,000,000, paying
Berkshire Hathaway Inc. had the following transactions in November 2024:
- Issued 420,000 shares of common stock for $450 per share.
- Purchased equipment for $40,000,000, paying $16,000,000 in cash and signing a note for the balance.
- Declared and paid dividends of $8,500,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
