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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › console

  • This topic has 2 replies, 3 voices, and was last updated 14 years ago by MikeLittle.
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  • December 10, 2010 at 4:59 pm #46880
    anasyoosu
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    how can calculate the retained earning balance on mid acquition

    December 12, 2010 at 11:19 pm #74378
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 8
    • ☆

    My technique always:

    if for group I.S: i.e given RE @ reporting date $20,000, pforfit for the year given $10,000, mid-acq: 6momths to y/e

    = 20,000 – (6/12 x 10,000)= 15,000 RE @ acq, However be carefuel that the $20,000 might be stated for RE b/f- therefore: should be: 20,000 + 10,000= 30,0000 RE @ reporting date, then RE @ acq: 30,000-(6/12×10,000)

    February 1, 2011 at 1:02 pm #74379
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23349
    • ☆☆☆☆☆

    Wow! That seems awkward. Why not check out the OT notes for a mid-year acquisition working

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