further interest acquired

This topic has 3 replies, 4 voices, and was last updated 12 years ago by MikeLittle.

Viewing 4 posts - 1 through 4 (of 4 total)

Author

Posts
November 26, 2013 at 9:10 pm #147979
d245
Member
- Topics: 56
- Replies: 38
If on the begining of the yr 1 june 2010 A company acquired 70% of interest and at the end of yr on 30 may 2011 acquired futher interest of 10% .
NCI is adjusted by transfering the 10% but the calculation of Retained earning still stand at 70% .i dont understand y.
November 27, 2013 at 6:30 am #147997
lsoltobaeva
Member
- Topics: 38
- Replies: 72
because income is assumed to be earned evenly throughout the year and it wouldn’t be fair to grant the company extra 20% of whole income if this 10% were acquired only at the year end, would be?
November 27, 2013 at 7:59 am #148009
ranga1981
Participant
- Topics: 0
- Replies: 6
Retained earning will be increased in the Statement of equity change by calculating increased control.

Adjustment should be=10%(NA at date of increased)-cash paid adjustment to retained earning and NCI in the equity change Statemant.
November 28, 2013 at 4:59 pm #148336
MikeLittle
Keymaster
- Topics: 27
- Replies: 23369
H’s own + H’s share of S post acq retained. How much is H’s share of the post acq? If 20% were acquired only at the year end, then so far as that 20% is concerned, there are NO post-acq retained
Author

Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.