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in the answer to prepare profit and loss why 1000 gain and land revaqlution is taken as 1000 why not approte to 6 mont the same as investemnt in equeity we took 400 loss in sentinel as 6 month divided by 12 month ? also in caluclating retained earnings as per retained earning ( prodigal retaind ernings from thequestion is 90000 but in the answer its added with profit and sentunal retined ernings so i got confused total retained erning is 201600 could you please help
also in caluclating non controlling interest why we should ad or adjuest rhe revulayion surplues and gain ? and when we should adjuest this ?
Because the gain was post acquisition and not accruing over time whereas the loss was.
I don’t understand your second question
If the revaluation gain / loss is post acquisition, then the nci is entitled to their share
the second quetion how we dreived the figer 201600 for retained eraning why in the exam kit bpp retained erning 90000 with 89900
I don’t have access to the question. Can you give me all the relevant information. In addition, can you make a bit of an effort to spell the words in your post somewhere closer to the accepted spelling. It took me some time before I worked out that “revaqlution” and “revulayion” were not only the same word but were both meant to read “revaluation”
Hear from you soon!
Hi alryami2009
The 90000 is the parents retained earnings pre acq, and the 89900 is the parents profits for the year in 2001.
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