Advanced Financial Accounting
Advanced Financial Accounting
11th Edition
ISBN: 9780078025877
Author: Theodore E. Christensen, David M Cottrell, Cassy JH Budd Advanced Financial Accounting
Publisher: McGraw-Hill Education
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Chapter 7, Problem 7.39AP
To determine

Introduction: Consolidated retained earnings is a part of consolidated balance sheet. It is a portion of consolidated enterprise’s undistributed earnings accruing to the parent company shareholders’. Consolidated retained earnings at the end of the year is the ‘consolidated retained earnings’ in the beginning of the year plus ‘consolidated net income’ attributed to controlling interest, less dividends declared by parent company.

To ascertain: Computation of consolidated retained earnings at January 1 20X8.

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Advanced Financial Accounting

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