Mercury Corporation had the following long-term investment transactions. 
Prepare the journal entries Mercury Corporation should record for these transactions.
Definitions:
Evidence Driven
An approach that bases decisions, conclusions, or actions on empirical data and observed evidence rather than on intuition or opinion.
Crutchfield Situation
A procedure used in social psychology experiments to study conformity, where individuals must make judgments while being exposed to the purported judgments of others.
Asch Situation
A psychological experiment by Solomon Asch that demonstrates the power of conformity in small groups, where individuals often agree with an incorrect majority opinion on a clear task.
Personalities
The combination of characteristics or qualities that form an individual's distinctive character or persona.
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