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Exercise 11-8 Wells Fargo & Company, headquartered in San Francisco, is one of the nation?s largest financial institutions. Suppose it reported the following selected accounts
Exercise 11-8 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. 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 Treasury stock-67,346,829 common shares (2,450) Paid-in capital in excess of par value-common stock 52,878 Prepare the stockholders? equity section of the balance sheet for Wells Fargo as of December 31. 2014
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