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5. Present journal entries to record the following selected transactions of Masterson Corporation: (b) Purchased 3500 shares of the 10,000 shares no par common shares

5. Present journal entries to record the following selected transactions of Masterson Corporation: (b) Purchased 3500 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

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