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16.Pendantic(Kaplan) Consolidation

This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.

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August 7, 2020 at 1:19 pm #579530
Sourav9271
Participant
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Sir,
If the subsidiary is acquired on the incorporation shouldn’t the retained earnings of subsidiary be equal to profits made during the year.
August 7, 2020 at 5:07 pm #579550
John Moffat
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The retained earnings are the total of the profits for all the years since incorporation.
If the subsidiary was acquired on incorporation then all the retained earnings are post-acquisition profits.
Have you watched my free lectures on this?
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