20% off ACCA & CIMA Books

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

Retained Earnings on Incorporation

This topic has 1 reply, 2 voices, and was last updated 6 years ago by MikeLittle.

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

Author
Posts
January 24, 2018 at 11:59 am #432619
suewalker2605
Member
- Topics: 6
- Replies: 4
Am I correct in my understanding…..if a company is acquired on its incorporation then in Working 2 there will be no retained earnings???
Thank you
January 24, 2018 at 12:04 pm #432621
MikeLittle
Keymaster
- Topics: 27
- Replies: 23200
That is correct – there has been no time for this new company to have done any transactions so no profits could have been made as at date of incorporation / acquisition
OK?
Author
Posts

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

The topic ‘Retained Earnings on Incorporation’ is closed to new replies.