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What is the value of retained earnings of company A

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Question - Assume that company A has retained earnings of 36,000, and it paid 360,000$ cash for investment 60% in company B. and paid 33,000 as an investment expense. Non-controlling interest amount at the acquisition date was 160,000. Under acquisition method, what is the value of retained earnings of company A directly after acquisition?

Reference no: EM132800606

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