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Hello.. I just have a few queries.. in example number 3 we have transferred the gain of the individual parent into the carried forward consolidated retained earnings..(i.e 600 + 35) . but in this example we have taken the group amount of 27.5 in the consolidated retained earnings.. why is that so.. why are we not taking the individual parent gain’s amount of 50 here(i.e 350 -300).. please help ASAP
See posts below! Diana and Liga is NOT a consolidated Statement of Financial Position because there is no subsidiary at the year end
@jelah and miller215 is explained earlier
Hi! I know this may look a silly question but how did we get to 32% for the ass
Found it as i listened later that it sells 60% of the inv. so 80%x60%0 48 and he keeps 80-48= 32 %
Dear Mike,
In Chapter 4 , example # 4 (Raimonda & Dainius) The $50000.00 that represents the gain in the parent. (W 3A) Shouldn’t this figure be included in the retained earnings W3 C/f . Just like you did in example # 3 (Diana & Liga)
Kindly clarify the confusion…
Sir Mike,
Kindly reply please to clear my confusion.
Regards
Sir Mike,
Please reply Sir
I certainly WILL reply – this is the first time I have seen your post. If you really want a reply from me in future, then post it on the “Ask the tutor” page. That way there’s a chance that I shall see it!
Now, Diana and Liga – the gain in Diana is included in W3 – but that’s not a consolidated working because Diana has no subsidiary as at the year end.
When we get to Raimonda and Dainius, here we DO have a subsidiary and the gain in the parent is included in the Consolidated Retained Earnings W3
Is that ok?
And next time POST ON ASK THE TUTOR!!!!
Hi Mike ,
The $50000.00 that represents the gain in the parent. Shouldnt this figure be included in the retained earnings?
Wondering the same? Did you get an answer? Can’t find it going anywhere…….