Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at January 30, 2010 ($ millions). Contributed capital, Jan.
Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at January 30, 2010 ($ millions).
Contributed capital, Jan. 30, 2010 | $2,990 |
Treasury stock, Jan. 30, 2010 | (9,069) |
Retained earnings, Jan. 30, 2010 | 10,815 |
Accumulated other comprehensive income, Jan. 30, 2010 | 155 |
During fiscal year 2011, Gap reported the following:
1. Sale of stock | $ 4 |
2. Purchase of stock | 1,797 |
3. Net income | 1,204 |
4. Cash dividends | 252 |
5. Other comprehensive income | 30 |
Use this information to prepare the statement of stockholders' equity for Gap, Inc., for year ended January 29, 2011. Hint: Enter treasury stock, cash dividends and losses as negative numbers.
Gap, Inc. Statement of Stockholders' Equity AnswerJanuary 29, 2011For Year Ended January 29, 2011 | |||||
---|---|---|---|---|---|
Common Stock and APIC | Treasury Stock | Retained Earnings | Accumulated Other Comp. Income | Stockholders' Equity | |
January 30, 2010 | $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 |
January 29, 2011 | $Answer | $Answer | $Answer | $Answer | $Answer |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started