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As at 31st December 2020 the retained earnings reported in their own Statement of income by a parent was 394,500 and by a subsidiary 240,000.
As at 31st December 2020 the retained earnings reported in their own Statement of income by a parent was 394,500 and by a subsidiary 240,000. Identify the consolidated retained earnings as at 31st December 2020 considering that the parent acquired 75% of the subsidiarys equity on 1st January 2016 when the subsidiary's retained earnings were 80,000 Select one: a. 514,500 b. 454,500 c. 574,500 d. E634,500
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