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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
Can you explain for me, please?
