Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2011, 2012, and 2013.
To analyze the comparative statements of retained earnings for Renn-Dever Corporation for the fiscal years ending December 31, 2011, 2012, and 2013, we need to have access to the actual financial statements or at least the relevant information from those statements.
Typically, retained earnings can be found on the statement of retained earnings, which is a financial statement that shows the changes in a company's retained earnings during a specific period. It summarizes the net income or net loss from the income statement and any dividends paid to shareholders during that period.
To access this information, you might need to refer to the company's annual reports or financial statements. These documents are usually publicly available for publicly traded companies and can be found on the company's website or through financial databases.
Once you have obtained the relevant financial statements or information, you can compare the retained earnings figures for each year by subtracting the retained earnings balance at the beginning of the year from the retained earnings balance at the end of the year.
For example:
Retained Earnings as of December 31, 2010: $X
Net Income for Year 2011: $Y
Dividends Paid in Year 2011: $Z
Retained Earnings as of December 31, 2011: $X + $Y - $Z
Retained Earnings as of December 31, 2011: $X + $Y - $Z
Net Income for Year 2012: $A
Dividends Paid in Year 2012: $B
Retained Earnings as of December 31, 2012: ($X + $Y - $Z) + $A - $B
Retained Earnings as of December 31, 2012: ($X + $Y - $Z) + $A - $B
Net Income for Year 2013: $C
Dividends Paid in Year 2013: $D
Retained Earnings as of December 31, 2013: (($X + $Y - $Z) + $A - $B) + $C - $D
By following this calculation process, you can determine the comparative retained earnings for Renn-Dever Corporation for the fiscal years ending December 31, 2011, 2012, and 2013.