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F7 Chapter 10 Example 7 Diana and Liga

This topic has 1 reply, 2 voices, and was last updated 6 years ago by MikeLittle.

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February 13, 2018 at 2:28 am #436686
Fuad
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Sir I am having difficulty in understanding how we calculated the consolidated retained earnings b/f in the question for Diana and Liga.
how do the retained earnings per q become $530,000 and $351,000 respectively.
February 13, 2018 at 5:14 am #436692
MikeLittle
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If you look at the figure for retained earnings as at the end of the year and deduct from that figure the retained earnings achieved in that year, you should arrive at the retained earnings brought forward
Ret ears b/f + Ret ears this year = Ret ears c/f
OK?
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