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Hi, Can Somebody explain to me why the retained earnings of sub is 8000+2000 in consolidated reserves? I mean if the retained earnings as at 1st April 2012 is (4,000) and the pre- acq’n loss (1 April-Oct’12) is (2,000), then the retained earning as at acq’n date is (6,000). Then retained earnings excluded any adjustment would be: 8,000 at consol date – (6,000)=2,000 but the Q says it is 8,000+2,000. Thanks!
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