On 1 July 2016, Ma Ltd acquired all the issued shares of Pa Ltd for $336,000. The shares are acquired ex-dividend. At this date, the equity of Pa Ltd was recorded as follows:

Share capital	$317,000
General Reserve	$393,000
Retained Earnings	$281,000
Dividend Payable	$42,000

All the identifiable assets and liabilities were recorded at amounts equal to their fair values.

The consolidation worksheet entry at 30 June 2018 is as follows:

Account Name	Debit	Credit
Share Capital	$317,000
General Reserve	$393,000
Retained Earnings		xxx
Investment in Pa Ltd		yyy

Enter the amount of opening retained earnings (xxx) at 30 June 2018 in the answer block below:

Correct Answer:

374,000 0

Hi teacher

How to get the answer of 374000?