Hi, in exam 1 of chapter 1, may you explain the number of retained earning at the date accquisition, Your calculation: RE brought forward : 64,000 RE for the year 2011 ( 5 months): 22000??? why you calculate this number
My calculation: RE brought forward: 64,000 RE for the year 2011 (5 months): 60,000*5/12=25,000