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F7 Chapter 10 Example 7 Diana and Liga

FFedde8y ago
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.
MikeLittleMikeLittleTutor8y ago#1
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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