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retained earning

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

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May 3, 2014 at 4:51 pm #167259
chrysanlythe
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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
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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
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