In Bell Group's Consolidation Worksheet, the Opening Balance of Retained

question 42

Multiple Choice

In Bell Group's consolidation worksheet, the opening balance of retained earnings under 'Group' column shows a balance of $70 000. If there is a debit entry of $16 000 in the NCI column, the opening balance of retained earnings under 'Parent' column would be:

• A) $54 000.
• B) $70 000.
• C) $86 000.
• D) $16 000.

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