The consolidated statements of changes in equity of Thomson Reuters Corporation for fiscal years 2009 and 2008
Question:
The consolidated statements of changes in equity of Thomson Reuters Corporation for fiscal years 2009 and 2008 included the following items and their account balances at December 31, 2009 and 2008 (in millions of U.S. dollars). This list shows the balances of the various components of shareholders' equity at the beginning of each year, and changes that affected these components during the year. These changes are presented in a random order.
\section*{Required:}
1. Compute the balance of retained earnings at December \(31,2009\).
2. Prepare a statement of changes in equity for both fiscal years 2009 and 2008 , similar to the statement that appears in Exhibit 12.1
Step by Step Answer:
Financial Accounting
ISBN: 9780070001497
4th Canadian Edition
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby