20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

retained earning

This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
May 3, 2014 at 4:51 pm #167259
chrysanlythe
Participant
- Topics: 1
- Replies: 1
I do not understand the workings on retained earning. In the chapter 1 example 1. How do we arrive at the $86000 pre acquisition figure is it the result of the share capital calculation.
May 4, 2014 at 6:10 pm #167413
MikeLittle
Keymaster
- Topics: 27
- Replies: 23200
22,000 is shown in working 1 on page 205 and 64,000 is retained earnings at the end of the year (124,000) less this year’s retained earnings (60,000) giving 64,000 brought forward
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.