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Mini Exercise 10 Goodwill Question 2/3

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Mini Exercise 10 Goodwill Question 2/3

  • This topic has 6 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • November 29, 2015 at 1:23 pm #286131
    DreamerSK
    Participant
    • Topics: 24
    • Replies: 89
    • ☆☆

    Please help me calculate the retained earnings amounts.

    November 29, 2015 at 10:04 pm #286230
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Tell me exactly what your calculations come up with and I’ll see if I can identify where you’re going wrong

    November 30, 2015 at 1:58 am #286273
    DreamerSK
    Participant
    • Topics: 24
    • Replies: 89
    • ☆☆

    My calculation for Q2 Ret Ears 4 months : 4/12 x 82.5 Million = $27.5 Million
    Q3 Ret Ears b/f $6.5 Million

    November 30, 2015 at 8:36 am #286324
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    $82.5 million is the CUMULATIVE retained earnings in Suzanna since the day of incorporation. It’s not the profits for the year

    November 30, 2015 at 8:37 am #286325
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    $6.5 million is the CUMULAT ……….

    !

    December 1, 2015 at 12:43 am #286585
    DreamerSK
    Participant
    • Topics: 24
    • Replies: 89
    • ☆☆

    Got it. Thanks!

    December 1, 2015 at 8:41 am #286641
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
Viewing 7 posts - 1 through 7 (of 7 total)
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