- This topic has 4 replies, 2 voices, and was last updated 8 years ago by
.
Viewing 5 posts - 1 through 5 (of 5 total)
- Posts
Hi I am having a hard time figuring out the Retained Earnings at acquisition. The relevant info is
Retained earnings at Y/E 12000
Acquisition date 1 April 2013 and Year end is 30th September 2013
Holding 75%
I am not sure if there is any other information that’s relevant.Thanks a lot
If the loss for the year is $4,600 and the retained earnings AFTER that loss has been accounted for are $12,000, then the retained earnings brought forward must have been $16,600
In working W2 Goodwill, you should have 2 lines relating to retained earnings
1) retained earnings brought forward $16,600
2) retained earnings 6 months $( 2,300)Does that clear it up for you?
Viewing 5 posts - 1 through 5 (of 5 total)
- You must be logged in to reply to this topic.