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Prepare a statement of retained earnings for the year ended

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Question - As at December 31, 2018, Bombardier Inc. had a balance of retained earnings of -$4,014 million (called a deficit). During the year ended December 31, 2019, the company made a net loss of $1,797 million. Dividends (and other minor adjustments) were $21 million.

The share capital as at December 31, 2018, was $2,844 million: $347 million of preferred shares and $2,154 million of common shares. New common shares were issued under employee share option plans in the amount of $343 million.

Required - Prepare a statement of retained earnings for the year ended December 31, 2019.

Reference no: EM133127812

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