V Co acquired 100% of the ordinary shares in W Co and Y Co some years ago.
Extracts from the statements of financial position of the three companies as on 30 September 2014 were as follows:
| V Co | W Co | Y Co | |
| $ | $ | $ | |
| Retained earnings | 120,000 | 7,500 | 48,000 |
At acquistion, W Co had retained loss of $1,500. and Y Co had retained earnings of $28,800.
What are the consolidated retained earnings of V Co on 30 September 2014?
Suggested solutions:
| V Co | W Co | Y Co | CONSO | |
| $ | $ | $ | $ | |
| Retained earnings | 120,000 | 7,500 | 48,000 | Retained earnings at acquistion | (1,500) | 28,800 | Conso Retained earnings | 120,000 | 9,000 | 19,200 | 148,200 |
To do the same topic again in ACCA F3 consolidated retained earnings 4
To do another topic in ACCA F3
ACCA F3 CONSOLIDATED RETAINED EARNINGS 4