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Show calculations and explain. Berkshire Hathaway Company uses the equity method of accounting for investments. In 1994 Berkshire Hathaway purchased 500,000 shares of Coca-Cola. a)
Show calculations and explain. Berkshire Hathaway Company uses the equity method of accounting for investments. In 1994 Berkshire Hathaway purchased 500,000 shares of Coca-Cola. a) In 2016, BHC reported income of $333,000 from its share of ownership in Coca-Cola b) In 2016, Berkshire received $51,000 in dividends from Coca-Cola. Describe how the above transactions should be reflected on Berkshire's Statement of Cash Flows for the year 2016
Show calculations and explain.
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