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Mini Exercise 10 Goodwill Question 2/3

This topic has 6 replies, 2 voices, and was last updated 7 years ago by MikeLittle.

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November 29, 2015 at 1:23 pm #286131
DreamerSK
Member
- Topics: 24
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Please help me calculate the retained earnings amounts.
November 29, 2015 at 10:04 pm #286230
MikeLittle
Keymaster
- Topics: 26
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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
Member
- Topics: 24
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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
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$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: 26
- Replies: 22714
$6.5 million is the CUMULAT ……….
!
December 1, 2015 at 12:43 am #286585
DreamerSK
Member
- Topics: 24
- Replies: 89
Got it. Thanks!
December 1, 2015 at 8:41 am #286641
MikeLittle
Keymaster
- Topics: 26
- Replies: 22714
You’re welcome
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