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Exercise 11-8 Wells Fargo & Company , headquartered in San Francisco, is one of the nations largest financial institutions. Suppose it reported the following selected
Exercise 11-8
Wells Fargo & Company, headquartered in San Francisco, is one of the nations largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2014.
Retained earnings | $41,563 | ||
Preferred stock | 8,485 | ||
Common stock$12/3 par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares | 8,743 | ||
Treasury stock67,346,829 common shares | (2,450 | ) | |
Paid-in capital in excess of par valuecommon stock | 52,878 |
Prepare the stockholders equity section of the balance sheet for Wells Fargo as of December 31, 2014.
Thank you
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