Those subsidary which parent acqiures at mid of the year
Q1) Why retained earnings brought forward of parent and nci in statement of changes in equity doesn't include subsidary's brought forward retained earnings?
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General question related to consolidation
9y ago#1Because, in a mid-year acquisition situation, the subsidiary at the end of the year wasn't a subsidiary at the beginning of the year
Therefore, from a group perspective, there are no subsidiary post acquisition retained earnings brought forward
Ok thanks
9y ago#3You're welcome
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