Page 322 - SBR Integrated Workbook STUDENT S18-J19
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Chapter 20
2.4 Translation reserve
Exchange gains and losses arising from the translation of goodwill and the
subsidiary’s opening net assets and profit which are attributable to the group are
normally held in a translation reserve, a separate component in equity.
Example 1 – continued
Using the information in Example 1, calculate the non-controlling
interest, retained earnings and translation reserve for inclusion in the
consolidated statement of financial position.
Complete the consolidated statement of financial position and the
consolidated statement of profit or loss and other comprehensive
income.
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