Question
Need Assistance Wells Fargo & Company , headquartered in San Francisco, is one of the nation's largest financial institutions. Suppose it reported the following selected
Need Assistance
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, 2017.
Retained earnings
$41,563
Preferred stock
8,485
Common stock$123123; par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares
8,743
Treasury stock67,346,829 common shares
(2,450)
Paidin capital in excess of par valuecommon stock
52,878
Accumulated Other Comprehensive Income
8,327
Instructions
Prepare the stockholders' equity section of the balance sheet for Wells Fargo as of December 31, 2017.
need a stockholders' equity section.
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