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Hi,
I am revising question 47 (Memo) from BPP Revision kit for exams up to June 2014.
In translating net assets they converted Share capital, Share Premium and Pre-acquisition retained earnings at acquisition rate (2.5). Then Post-acquisition retained earnings it is a balancing figure ($17.6; 15.8 CR). How they arrived at this figure?Many thanks,
IrinaBy translating everything else, the missing figure (balancing figure) must relate to post-acquisition retained earnings
Ok?
Sir, we split only if the Q require to show translation of exchange difference, then we use post-acquisition x average rate and balancing to exchange gain/loss.
do we need to translate the full balance sheet? it’s a bit time consuming and both given the same answer. can we just do direct from net assets?thanks.
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