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Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at February 3, 2007 ($ millions). Contributed capital, Feb.
Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at February 3, 2007 ($ millions).
Contributed capital, Feb. 3, 2007 | $2,686 |
Treasury stock, Feb. 3, 2007 | (6,235) |
Retained earnings, Feb. 3, 2007 | 8,646 |
Accumulated other comprehensive income, Feb. 3, 2007 | 77 |
During fiscal year 2008, Gap reported the following:
1. Sale of stock | $ 152 |
2. Purchase of stock | 1,677 |
3. Net income | 833 |
4. Cash dividends | 256 |
5. Other comprehensive income | 48 |
Use this information to prepare the statement of stockholders' equity for Gap, Inc., for year ended February 2, 2008. Hint: Enter treasury stock, cash dividends and losses as negative numbers.
Gap, Inc. Statement of Stockholders' Equity For Year Ended February 2, 2008 | |||||
---|---|---|---|---|---|
Common Stock and APIC | Treasury Stock | Retained Earnings | Accumulated Other Comp. Income/(Loss) | Stockholders' Equity | |
February 3, 2007 | $Answer | $Answer | $Answer | $Answer | $Answer |
Sale of stock | Answer | Answer | Answer | Answer | Answer |
Purchase of stock | Answer | Answer | Answer | Answer | Answer |
Net income | Answer | Answer | Answer | Answer | Answer |
Other comprehensive income | Answer | Answer | Answer | Answer | Answer |
Cash dividends | Answer | Answer | Answer | Answer | Answer |
February 2, 2008 | $Answer | $Answer | $Answer | $Answer | $Answer |
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