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Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at January 28, 2006 ($ millions). Contributed capital, Jan.
Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at January 28, 2006 ($ millions).
Contributed capital, Jan. 28, 2006 | $2,456 |
Treasury stock, Jan. 28, 2006 | (5,210) |
Retained earnings, Jan. 28, 2006 | 8,133 |
Accumulated other comprehensive income, Jan. 28, 2006 | 46 |
During fiscal year 2007, Gap reported the following:
1. Sale of stock | $ 230 |
2. Purchase of stock | 1,025 |
3. Net income | 778 |
4. Cash dividends | 265 |
5. Other comprehensive income | 31 |
Use this information to prepare the statement of stockholders' equity for Gap, Inc., for year ended February 3, 2007.
Hint: Enter treasury stock amounts, cash dividends and losses as negative numbers.
Gap, Inc. Statement of Stockholders' Equity For Year Ended February 3, 2007 | |||||
---|---|---|---|---|---|
Contributed Capital | Treasury Stock | Retained Earnings | Accumulated Other Comp. Income/(Loss) | Stockholders' Equity | |
January 28, 2006 | Answer | Answer | Answer | Answer | Answer |
Sale of stock | Answer | Answer | Answer | Answer | Answer |
Repurchase of stock | Answer | Answer | Answer | Answer | Answer |
Net income | Answer | Answer | Answer | Answer | Answer |
Othercomprehensive 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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