In the exam prep question for Hulme Co, the answer in the lecture notes state:
Draft retained Earnings 3,500,000
Sale (revenue) 4,000,000
Gain on tranlation 166,667
Total 1,184,000
Is this just a typo with the correct adjusted reatined earning figure being $7,666,666 or am I missing something?
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Chapter 17 - Exam prep question
5y ago#1Hi,
Yes, it is just a typo and we'll get it updated in due course.
Thanks
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