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Consolidated/investment

This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.

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March 4, 2015 at 4:58 pm #231277
Fazren
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https://imgur.com/hxKNw0w
The answer is D
They added almost all the figures(except 80- it changed to 60).. I cant understand almost all reasoning behind the calculation given. May explain me why? Thanks!
March 5, 2015 at 6:56 am #231344
John Moffat
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The acquisition occurred on 1 October which is 9 months through the year. So the retained earning at 1 October include 9/12 of the profit for the year. 9/12 x 80 = 60.
The free lectures on this may help you.
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