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    Exam 15: Specimen Financial Statements: Pepsico, Inc
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    Ashland Corporation Sells 150 Shares of Common Stock Being Held
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Ashland Corporation Sells 150 Shares of Common Stock Being Held

Question 209

Question 209

Short Answer

Ashland Corporation sells 150 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $30 a share. Ashland sold the shares for $38 a share. The entry to record the sale is Ashland Corporation sells 150 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $30 a share. Ashland sold the shares for $38 a share. The entry to record the sale is

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