Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 Not complete Marked out of 35.00 P Flag question Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following

image text in transcribed
Question 2 Not complete Marked out of 35.00 P Flag question Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at January 31, 2009 ($ millions). Contributed capital, Jan 31, 2009 $2,950 Treasury stock, Jan. 31.2009 (8,633) Retained earnings, Jan. 31, 2009 9.947 Accumulated other comprehensive income, Jan. 31, 2009 123 During fiscal year 2010, Gap reported the following: 1. Sale of stock $ 40 2. Purchase of stock 436 3. Net income 1,102 4. Cash dividends 234 5. Other comprehensive income 32 Use this information to prepare the statement of stockholders' equity for kiap, Inc., for year ended January Hint: Enter treasury stock amounts, cash dividends and losses as negative numbers. Gap, Inc. Statement of Stockholders' Equity For Year Ended January 30, 2010 Accumulated Contributed Retained Other Comp. Stockholders' Capital Treasury Stock Earnings Income/(Loss) Equity January 31, 2009 $ 0$ 0 $ 0 $ 0 $ 0 Sale of stock 0 0 0 Repurchase of stock 0 0 0 Net income 0 O OO o o o o 0 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Communication Audit In Globally Integrated R And D Project Teams

Authors: Justyna Alnajjar

1st Edition

3631666608, 978-3631666609

More Books

Students also viewed these Accounting questions