Company A acquired 80% of the ordinary shares of Company B on 1 January 2016 when the
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Company A acquired 80% of the ordinary shares of Company B on 1 January 2016 when the retained earnings of Company B were €100,000 credit. At 1 January 2017, the retained earnings of the companies were:
A Limited €800,000 B Limited €250,000 Requirement Calculate the consolidated retained earnings brought forward in the consolidated statement of changes in equity for the year ended 31 December 2017 at 1 January 2017.
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Related Book For 
International Financial Accounting And Reporting
ISBN: 9781912350025
6th Edition
Authors: Ciaran Connolly
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