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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Roberto example Fv RE
I still see the example of reboerto as very complicated .
The RE at reporting date was 20,000
What is the brought forward figure ??
RE bf should be RE at reporting date of $20,000- profit for the year of Ingrida 6,000
B/f $14,000
Profit for the 7 months 7/12*6000= $3500,
14,000 + 3500= 17500
Post Acq profit 5/12* 6000= 2500
RE @ reporting date = $20,000
RE @ acq bal =$ 17500
You see what I mean , so I do not know if there is an error on the note or not . Please, clearify me on this .
Thanks
If post-acquisition is 2,500 and the parent’s own retained earnings is 20,000, why have you totally that to 17,500?
Surely 20,000 + 2,500 should be 22,500
Or am I on the wrong question?