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On 1/1/2020, ABC Company acquired 100% of the :stock of XYZ co. retained earnings were as follows 31/12/2020 1/1/2020 RETAINED EARNINGS 50000 40000 ABC

On 1/1/2020, ABC Company acquired 100% of the :stock of XYZ co. retained earnings were as follows 31/12/2020 1/1/2020 RETAINED EARNINGS 50000 40000 ABC 35000 30000 XYZ The amount of Retained Earnings that appears in :the 31/12/2020 consolidated balance sheet is

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