Wells Fargo & Company, headquartered in San Francisco, is one of the nations largest financial institutions. Suppose

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Wells Fargo & Company, headquartered in San Francisco, is one of the nation’s largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2017. LO6 Retained Earnings $41,563 Preferred Stock 8,485 Common Stock—$123 par value, authorized 6,000,000,000 shares;

issued 5,245,971,422 shares 8,743 Treasury Stock—67,346,829 common shares (2,450)

Paid-in Capital in Excess of Par Value—Common Stock 52,878 Accumulated Other Comprehensive Income 8,327 Instructions Prepare the stockholders’ equity section of the balance sheet for Wells Fargo as of December 31, 2017.

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Financial Accounting

ISBN: 9781118953907

8th Edition

Authors: Paul D Kimmel, Jerry J Weygandt, Donald E Kieso

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