- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Consolidated Financial Statements
BPP kit MTQ 25.1
In this, we are given Retained Earning of Cat at Reporting Date as 200,000. Retained Earnings at Acquisition (which is start of year) as 50,000. Profit for year for Cat is 55,000. How is it possible to have 150,000 increase in Retained Earnings?
The retained earning were $50,000 on 1 January 20X7.
By 31 December 20X8 they will have increased by the profits for 20X7 and 20X8 – not just by the profit in 20X8.