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

Question 8

Multiple Choice

In Sunrise Group's consolidation worksheet, the opening balance of Retained Earnings under 'Group' column shows a balance of $90 000. If there is a debit entry of $22 000 in the NCI column, the opening balance of Retained Earnings under 'Parent' column would be:
I made a change to the original question, as the original question is very similar to Q2 of the SPQ.


A) $112 000
B) $100 000
C) $ 68 000
D) $ 56 000.

Correct Answer:

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