Ashland Corporation Sells 100 Shares of Common Stock Being Held

question 78

Short Answer

Ashland Corporation sells 100 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $30 a share. Ashl and Keller sold the shares for $38 a share. The entry to record the sale is

---

Definitions:

Participant Modeling

A therapeutic technique wherein a therapist first demonstrates a desired behavior in a step-by-step process, then the client attempts to imitate the behavior with guidance.

Antipsychotic Drugs

Drugs used to control severe psychotic symptoms, such as delusions, hallucinations, disorganized speech, and disorganized behavior, by inhibiting dopamine activity; also known as neuroleptics.

Neuroleptics

A class of medication primarily used to manage psychosis, notably in schizophrenia and bipolar disorder, also known as antipsychotics.

Tardive Dyskinesia

A neurological disorder characterized by involuntary, repetitive body movements, often a side effect of long-term use of antipsychotic drugs.