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How did you get the retained earning for pre acquisition for 2010? Retained earnings from 2007 + goodwill 2007 + inventory + 80% dividends and?

Ex div- parent has no right to this declared @ acquisition date

I'm finding it quite hard to do the pre acquisition for the year 2010.. any ideas?

I hear Ken Leo is going to get sacked next semester. Thank god.

I have friends who have gotten an EXCESS/GOODWILL of 4000-6000

how did you calculate the goodwill?
3280 is wrong, looking at the notes I have on it

would you do TWO pre acquisition entries......

CASE STUDY

CONSOLIDATION WORKSHEET

On 1 July 2007, Mickey Ltd acquired 80% of the shares of Mouse Ltd on an ex div basis. At this date, all the identifiable assets and liabilities of Mouse Ltd...

CASE STUDY

CONSOLIDATION WORKSHEET

On 1 July 2007, Mickey Ltd acquired 80% of the shares of Mouse Ltd on an ex div basis. At this date, all the identifiable assets and liabilities of Mouse Ltd...