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What figure in respect of pot retained earnings should be

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Question 1: The Knight Co. acquired an 80% interest in the Pot Co. when Pot's equity comprised share capital of P 100,000 and retained earnings of P 500,000. Pot's current statement of financial position shows share capital of P 100,000, a revaluation reserve of P 400,000 and retained earnings of P 1,400,000. Under IFRS 10, Consolidated Financial Statements, what figure in respect of Pot's retained earnings should be included in the consolidated statement of financial position?

Reference no: EM132674411

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