Question
Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at February 2, 2013 ($ millions). Contributed capital, February
Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at February 2, 2013 ($ millions). Contributed capital, February 2, 2013 $2,919 Treasury stock, February 2, 2013 (13,465) Retained earnings, February 2, 2013 13,259 Accumulated other comprehensive income, February 2, 2013 181 During fiscal year 2013, Gap reported the following: 1. Issuance of stock $ 3 2. Repurchase of stock 705 3. Net income 1,135 4. Cash dividends 240 5. Other comprehensive income/ (loss) (48) Use this information to prepare the statement of stockholders' equity for Gap, Inc., for fiscal year 2013. Hint: Enter treasury stock amounts, cash dividends and losses as negative numbers. Gap, Inc. Statement of Stockholders' Equity For Year Ended February 2, 2013
Contributed Capital Treasury Stock Retained Earnings Accumulated Other Comp. Income/(Loss) Stockholders' Equity
February 1, 2012 Answer ? Answer (12,760) Answer (?) Answer 229 Answer 2,749
Issuance of stock Answer 3 Answer 0 Answer 0 Answer 0 Answer 3
Repurchase of stock Answer 0 Answer (705) Answer 0 Answer 0 Answer (705)
Net income Answer 0 Answer 0 Answer 1,135 Answer 0 Answer 1,135
Othercomprehensive income(loss) Answer 0 Answer 0 Answer 0 Answer ? Answer ?
Cash dividends Answer 0 Answer (?) Answer 0 Answer 0 Answer (240)
February 2, 2013 Answer 2,919 Answer ? Answer 13,259 Answer ? Answer 2,894
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