Why is the beginning retained earnings balance for each company entered in the three-part consolidation worksheet rather

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Why is the beginning retained earnings balance for each company entered in the three-part consolidation worksheet rather than just the ending balance?

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Advanced Financial Accounting

ISBN: 978-0078025877

11th edition

Authors: Theodore E. Christensen, David M. Cottrell, Cassy JH Budd

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Question Posted: Apr 13, 2017 10:36 AM

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Why is the beginning retained earnings balance for each company entered in the three-part consolidation worksheet rather

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The retained earnings statement shows the increase or decrease in retained ear...View the full answer

Advanced Financial Accounting

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