question archive On 1 January 20X8, Coconut acquired 80% of the share capital of Rice for E100,000 when Rice had Not yet retained earnings of E30,000
On 1 January 20X8, Coconut acquired 80% of the share capital of Rice for E100,000 when Rice had Not yet retained earnings of E30,000
Subject:AccountingPrice: Bought3
On 1 January 20X8, Coconut acquired 80% of the share capital of Rice for E100,000 when Rice had Not yet retained earnings of E30,000.
At 31 December 20X9, the reserves of Coconut were 1400,000 and for Rice they were $50,000. NCI is Marked out of 1.00 measured using the share of net assets method and goodwill has impaired by $21,600 to date.
What amount should be presented in the consolidated statement of financial position at 31 question December 20X9, as the retained earnings of the group?
O a. E428,400
O b. E394,400
O c. E398,400
O d. E416,000
O e. E398,720
O f. None of these options are correct
O g. f418,400
