Question
2) From the following Table pass Basic Elimination Entry under Equity Method in the book of Parent Company: (5 Marks) Total Book Value = Common
2) From the following Table pass Basic Elimination Entry under Equity Method in the book of Parent Company: (5 Marks)
| Total Book Value | = Common Stock | + Additional Paid in Capital | + Retained Earnings | |
| Beginning Book Value + Net Income
| 600
200 (50) | 150 | 550 | (100)
200 (50) |
| Ending Book Value | 750 | 150 | 550 | 50 |
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Auditing Theory And Practice
Authors: Jerry R. Strawser, Robert H. Strawser, Roger H. Hermanson
9th Edition
0873939336, 9780873939331
