Present Entries to Record the Following Selected Transactions of Masterson

question 33

Essay

Present entries to record the following selected transactions of Masterson Co.Aug. 1Purchased 600 shares of the 100,000 shares outstanding $10 par common shares of Dankin Corporation for $5,100.1Purchased 3,500 shares of the 10,000 shares no par common shares of Ramon Co. for $45,700. The investment was accounted for by the equity method.Sept. 1Received a cash dividend of $1 per share on the Dankin Corporation stock acquired on August 1.1Received a cash dividend of $2 per share on the Ramon Co. stock acquired on August 1.Dec. 31Sold 100 shares of the Dankin Corporation shares acquired on August 1 for $2,100.31Dankin Corporation reported net income of $30,000 and Ramon Company's reported net income was $50,000.​

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Definitions:

Meditation

A practice where an individual uses a technique – such as mindfulness, or focusing the mind on a particular object, thought, or activity – to train attention and awareness, and achieve a mentally clear and emotionally calm and stable state.

EEG Recordings

Electrical recordings of the brain's activity, captured through electrodes placed on the scalp, used in diagnosing certain neurological conditions and in research.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Hallucinogenic Drug

Substances that alter perception, thoughts, and feelings, leading to hallucinations that are not present in reality.