Question
Jen holds 30% shares of Ben, which it acquired on July 1, 2016 for $4.1 million. At that time, the retained earnings of Ben were
Jen holds 30% shares of Ben, which it acquired on July 1, 2016 for $4.1 million. At that time, the retained earnings of Ben were $6.2 million. On December 31, 2019, the retained earnings reached $9.2 million. Calculate the amount for inclusion in the consolidated statement of financial position of Jen for the year ended 31 December, 2019.
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The amount for inclusion in the consolidated statement Shares worth ...
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th edition
1118096894, 978-1-11921511, 978-1118096895
