Wal-Mart Stores, Inc., reported these comparative stockholders' equity data (amounts in thousands except par value per share):
Question:
Wal-Mart Stores, Inc., reported these comparative stockholders' equity data (amounts in thousands except par value per share):
During 19X2, Wal-Mart completed these transactions and events:
a. Net income, \(\$ 1,608,476\).
b. Cash dividends, \(\$ 195,048\).
c. Issuance of stock for cash, 914 shares, \(\$ 21,025\).
d. Issuance of stock to purchase other companies (Wal-Mart debited the Investments account), 5,832 shares, \(\$ 189,733\).
\section*{Required}
Without making journal entries, show how Wal-Mart's 19X2 transactions and events accounted for the changes in the stockholders' equity accounts. For each stockholders' equity account, start with the January 31, 19X1, balance and work toward the balance at January 31, 19X2.
Step by Step Answer:
Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.