thanks for the replies. I hope CFAI won’t be brutal with FSA - there are so many ways that it could be.
ok at beginning you’d have 236,363.6364 -90k -32k = 114,363.6364 tax rate looks like 40% so -45,745.45456 = 68,618.18184 NI divs the same -8k = 60,619.18184 plus the 90k RE = 150,618.818 did this fast, probably messed it up somewhere dumb, but something like that.
HAHAHAHAHHA don’t mess with the mumu… you wanna make this more complicated? what if LC were different from FC different from Reporting Currency? (please don’t ask me for an answer to this…i’m just posting this for fun)…
Can someone tell me why we didn’t add or subtract the translational gain or loss from equity?
because the CTA is not a part of Retained earnings…it’s asking you to calculate just retained earnings…(not all change in equity)