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retained earnings

This topic has 3 replies, 2 voices, and was last updated 3 years ago by P2-D2.

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January 14, 2023 at 9:03 am #675894
xyzc
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Why are retained earnings not adjusted if an item of plant is found to have a fair value of 3000000 below its carrying amount
January 15, 2023 at 9:35 am #676012
P2-D2
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In what context is this? Group accounts and fair value adjustments?
January 15, 2023 at 4:14 pm #676069
xyzc
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group accounts and fair value adjustments
January 18, 2023 at 9:11 pm #676947
P2-D2
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It is a group adjustment made in the NA working. The adjustment is then reflected on the face of the Group SFP, a reduction to PPE, and then the parent receives its share of the change in the post acquisition retained earnings.
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