In a group or consolidated balance sheet,the retained earnings figure for the group is the sum of the retained earnings for the parent company and all of the retained earnings for each subsidiary

Question

Quizplus · Accepted Answer

In a consolidated balance sheet, the retained earnings figure for the group reflects the parent company's retained earnings plus its share of the post-acquisition retained earnings of the subsidiaries, not the sum of all retained earnings of the parent and each subsidiary.

In a Group or Consolidated Balance Sheet,the Retained Earnings Figure