For goodwill how we'll find pre acquisition retained earnings?
In solution retained earnings finds like this (4500-(3900*4/12))
In which I didn't understand from where 3900 has come?
Ask the Tutor ACCA FR
Kaplan kit, Premier CR, consolidation
4y ago#1Hi,
Is the 3,900 not the profit for the year that is then pro-rated for the four months we have controlled the subsidiary before it is then deducted from the retained earnings at the reporting date.
Thanks
Ok got it. Thanku so much!
Sign into reply to this topic.