Question 4 Where financial statements show all aspects of the business. A Comparability B. Consistency C. Completeness D. Verifiability Question 5 Andrew acquired 70% of the equity shares of Alpha on 1 January 2020 when Alpha's retained earnings were 200,000. During the year ended 31 December 2020, Alpha purchased goods from Andrew totaling 320,000. At 31 December 2020, 30% of these goods were still in the inventory of Alpha. Andrew applies a mark-up on cost of 25% to all of its sales. At 31 December 2020, the retained earnings of Andrew and Alpha were 450,000 and 340,000 respectively. What would be the amount of retained earnings in Andrew's consolidated statement of financial position as at 31 December 2020? A 546,000 B 254,000 C 498,000 D None of the above