Groups accounts Home › Forums › ACCA Forums › F7 Financial Reporting Forums › Groups accounts This topic contains 1 reply, has 2 voices, and was last updated by MikeLittle 5 years, 4 months ago. Viewing 2 posts - 1 through 2 (of 2 total) Author Posts October 1, 2010 at 4:51 pm nadirParticipant See OT course notes page 30, see the Retained earnings of the business. To arrive to 32000 it has taken 25000+ (9600-2600)*100%. WHY HAS MINUS 2600??? WHY??? PLEASE REPLY October 5, 2010 at 9:55 am MikeLittleKeymaster Because 2,600 was achieved by the newly acquired subsidiary BEFORE the acquisition. Included in Consolidated Retained Earnings are only H’s own plus H’s share of S POST-ACQ retained. In fact, the footnote at the end of the space for your answer actually explains why the 2,600 is deducted! Author Posts Viewing 2 posts - 1 through 2 (of 2 total) You must be logged in to reply to this topic.