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Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Consolidation question help
I’m working on the Premier question in the Kaplan exam kit and I’m stumped when it comes to the net assets workings. Retained earnings for the subsidiary at acquisition is deemed to be 4,200 (reporting date R.E.) – 3,900 (4/12). The subsidiary was acquired 4 months ago so I understand where that figure comes from but can’t figure out where 3,900 comes from.
Have any of you attempted this question? Do you know where 3,900 comes from?
Might be best to post the full question.
Could the 3,900 be accrued subsidiary profit from the P or L?