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Consolidation Financial Statements: Retained earnings

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Consolidation Financial Statements: Retained earnings

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by P2-D2.
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    Posts
  • November 21, 2019 at 9:48 am #553266
    agrippah020
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    I’ve been given retained earnings at reporting date and I want to calculate my retained earnings acquisition figure in W2 since it hasn’t been given. How do I go about it?

    November 24, 2019 at 10:12 pm #553647
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7171
    • ☆☆☆☆☆

    Hi,

    This is a common scenario in the exam and you need to use the profit figure that will have been given in the question. You need to pro-rate the profits since the acquisition date and then deduct this figure from the retained earnings at the reporting date to give you the figure you require.

    Thanks

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