Which of the following is true about Berkshire Hathaway?

a. As of December 31, 2014, Berkshire Hathaways diversified holdings included Amazon, BNSF, Walmart, and GEICO

b. None of these

c. In 1965, Buffett and partners gained control of Berkshire Hathaway as an investment in a successful financial institution.

d. Berkshire Hathaway was incorporated in 1889 as Berkshire Cotton Manufacturing and merged with Hathaway Manufacturing.

Which of the following is true about Berkshire Hathaways acquisition of PCP?

a. All of these

b. Purchased PCP at $22.50 per share in cash

c. Valued PCPs enterprise value (market value of equity plus debt) at $45

d. Was the largest deal ever completed by Berkshire

Buffetts motive for the PCP acquisition was most likely:

a. Margin expansion from a turnaround of PCPs failing business strategy

b. All of these

c. Earning power derived from PCPs oligopoly position in the aerospace parts market

d. New strategic direction by replacing PCPs current CEO