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Hello !
In June 2010, the post-acquisition period for Adler (Associate) is 6 months. In the examiner’s answer, while calculating the Group Retained Earnings, he has done this: 6000 post-acquisition profit x 40% x 6/12, which gives us 1200.
In June 2009, the post-acquisition period for Vardine (Associate) is 6 months also. In the examiner’s answer, while calculating the Group Retained Earnings, he has NOT time-apportioned the post-acquisition profits.
WHY is this so ?
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