Question
Obtain Berkshire Hathaways (BRK) 2016 Annual Report online. Review the financial statements and the notes to the financial statements. 1.Read Warren Buffets letter to shareholders,
Obtain Berkshire Hathaways (BRK) 2016 Annual Report online. Review the financial statements and the notes to the financial statements. 1.Read Warren Buffets letter to shareholders, particularly pp4-11,16-17 (not graded) 2. List the types of investments held by BRK (Available-for-sale, equity-method investees, subsidiaries).3. BRK has a 27% investment in Kraft Heinz. How much net income did Kraft-Heinz report for 2016? 4. Assume Kraft-Heinz distributed a total of $18M in dividends. What is the effect on BRKs balance sheet equation (indicate direction (increase, decrease, no effect) and $ amount)? Assets Liabilities Stockholders Equity
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