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

Dividend

600

200

(50)

150

550

(100)

200

(50)

Ending

Book Value

750

150

550

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