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dear Tutor, I have two questions about working 3 consolidated retained earning. Why not consider the inventory to the fair value adjsutment as at today, because it’s not exsit at end of year ?
why consider the Non-depreciable non-current , because it’s exsiting at end of year?Yes, working 3 is a working to determine the position as at “today” ( working 2 is a working to find the position as at “yesterday” )
With reference to fair value adjusted assets which existed at date of acquisition, for working 3 we need to see which of those assets are still in the ownership / possession of the subsidiary as at the consolidation date
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