Calculate the value of retained earnings for 2008? (Enter your answers in thousa

Question

Calculate the value of retained earnings for 2008? (Enter your answers in thousands. Omit the "$" sign in your response.)

The stockholders’ equity section on the balance sheet of Dillard’s, a popular department store, is shown below. The company reported a net loss of $241,165,000 and declared and paid dividends of
$11,900,000 in 2009.

The stockholders’ equity section on the balance sheet of Dillard’s, a popular department store, is shown below. The company reported a net loss of $241,165,000 and declared and paid dividends of
$11,900,000 in 2009.

Explanation / Answer

closing retained earnings for 2009 2597727 current year loss -241165000 dividend -11900000 opening retained earnings for 2008 255662727

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