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Company: Berkshire Hathaway Inc. Transaction: Purchased 1,000 shares of Apple Inc. common stock for $200,000 cash. Requirements: a. Prepare the journal entry to record the

Company: Berkshire Hathaway Inc. Transaction: Purchased 1,000 shares of Apple Inc. common stock for $200,000 cash. Requirements: a. Prepare the journal entry to record the purchase of Apple Inc. common stock. b. Record the cash payment. c. Determine the effect on the investment account. d. Analyze the impact on the balance sheet. e. Calculate the return on investment (ROI) if Apple Inc. pays a $5 dividend per share.

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