Wal-Mart The 2006 Form 10-K for Wal-Mart is included in Appendix A. Wal-Mart’s stockholders’ equity statements provide details of equity transactions of the company during the 2006 fiscal year. Locate the statements and consider the following questions:

1. What was the major reason that stockholders’ equity increased for the year?

2. How much did common stockholders receive in dividends during the year?

3. Did Wal-Mart issue more shares than it repurchased during the year or vice versa? How can you tell?