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From the bpp revision kit Highveldt wen calculating the consolidated retained earnings pre acquisition profit was not deducted. Please can you explain why?
I’m almost 100% certain that it will have been deducted! I’m only ‘almost’ 100% certain because 103% is not quite 100%
I don’t have the question nor answer in front of me, so I’m guessing here!
I’m guessing that this was a mid-year acquisition and that the figure included within consolidated retained earnings is the figure made by the subsidiary post-acquisition so working W3 will NOT show the pre-acquisition being deducted where only post-acquisition profits have been included
OK?
It is not a mid year acquisition and in the question we ret. Earnings for 1 4 x4 and 31 3 x5 for both parent and subsidiary. I think i am confusing myself.
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