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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Mini Exercise 10 Goodwill Question 2/3
Please help me calculate the retained earnings amounts.
Tell me exactly what your calculations come up with and I’ll see if I can identify where you’re going wrong
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
$82.5 million is the CUMULATIVE retained earnings in Suzanna since the day of incorporation. It’s not the profits for the year
$6.5 million is the CUMULAT ……….
!
Got it. Thanks!
You’re welcome