Why is the beginning retained earnings balance for each company entered in the three-part consolidation workpaper rather

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Why is the beginning retained earnings balance for each company entered in the three-part consolidation workpaper rather than the ending balance?

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Advanced Financial Accounting

ISBN: 9780072444124

5th Edition

Authors: Richard E. Baker, Valdean C. Lembke, Thomas E. King

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Question Posted: Jun 10, 2024 02:13 AM

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Why is the beginning retained earnings balance for each company entered in the three-part consolidation worksheet rather than just the ending balance?
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Why is the beginning retained earnings balance for each company entered in the three-part consolidation workpaper rather

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Advanced Financial Accounting

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