This document outlines the steps to consolidate the retained earnings and profits/losses of a parent company (P) and its two subsidiaries (S1 and S2). It provides the individual retained earnings and profits/losses of P, S1, and S2 for the year ending December 31, 20x1. It then calculates the consolidated retained earnings and profits/losses by factoring in P's ownership percentages of 80% in S1 and 49% in S2, along with consolidation adjustments for changes in net assets and dividends. The result is the consolidated retained earnings of $705,680 and consolidated profit of $480,000 for the group.
This document outlines the steps to consolidate the retained earnings and profits/losses of a parent company (P) and its two subsidiaries (S1 and S2). It provides the individual retained earnings and profits/losses of P, S1, and S2 for the year ending December 31, 20x1. It then calculates the consolidated retained earnings and profits/losses by factoring in P's ownership percentages of 80% in S1 and 49% in S2, along with consolidation adjustments for changes in net assets and dividends. The result is the consolidated retained earnings of $705,680 and consolidated profit of $480,000 for the group.
This document outlines the steps to consolidate the retained earnings and profits/losses of a parent company (P) and its two subsidiaries (S1 and S2). It provides the individual retained earnings and profits/losses of P, S1, and S2 for the year ending December 31, 20x1. It then calculates the consolidated retained earnings and profits/losses by factoring in P's ownership percentages of 80% in S1 and 49% in S2, along with consolidation adjustments for changes in net assets and dividends. The result is the consolidated retained earnings of $705,680 and consolidated profit of $480,000 for the group.
This document outlines the steps to consolidate the retained earnings and profits/losses of a parent company (P) and its two subsidiaries (S1 and S2). It provides the individual retained earnings and profits/losses of P, S1, and S2 for the year ending December 31, 20x1. It then calculates the consolidated retained earnings and profits/losses by factoring in P's ownership percentages of 80% in S1 and 49% in S2, along with consolidation adjustments for changes in net assets and dividends. The result is the consolidated retained earnings of $705,680 and consolidated profit of $480,000 for the group.