financial statements 1 task 6 how to calculate retrained earning?

titi

I have parent 370
250_190=
60x70% = 42
412 but the answer is 408
Please anyone can help me

titi

Financial statment assessments 1 task 6

titi

Financial statements level 4 assesment 1 task 5 b and c . Can you text to me the working please

beckydownes1

retained earnings is calculated as:
Parent 370
250-190=60*70%=42
inter-company transaction = -4 this is from 60,000-40,000/5
Answer = 408

beckydownes1

task 5 part c.
inventories have decreased from 4700 to 4200 so a difference of 500 which added onto 7300
trade receivables have increased from 3400 to 3600 so a difference of 200 which is deducted from 7300
trade payables have decreased from 1600 to 1500 so a difference of 100 which is deducted to 7300

therefore 7300+500-200-100 = 7500

titi

Thank a lot