Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Wells Fargo & Company , headquartered in San Francisco, is one of the nations largest financial institutions. Suppose it reported the following selected accounts (in

Wells Fargo & Company, headquartered in San Francisco, is one of the nations largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2022.

Retained Earnings $40,300
Preferred Stock 8,150
Common Stock$1 2/3 par value, authorized 6,000,000,000 shares; issued 5,019,000,000 shares 8,365
Treasury Stock67,346,829 common shares (2,330 )
Paid-in Capital in Excess of Par ValueCommon Stock 52,300
Accumulated Other Comprehensive Income 8,215

Prepare the stockholders equity section of the balance sheet for Wells Fargo as of December 31, 2022. (Enter account name only and do not provide descriptive information.)

WELLS FARGO & COMPANY Partial Balance Sheet choose the accounting period For the Month Ended December 31, 2022For the Year Ended December 31, 2022December 31, 2022 (in millions)

select an opening section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings
select an opening subsection name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings
select a name of the subordinate part of this subsection Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings

enter a balance sheet item

$enter a dollar amount

enter a balance sheet item

enter a dollar amount

select a summarizing line for the subordinate part of this subsection Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings

$enter a subtotal of the two previous amounts

select a name of the subordinate part of this subsection Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings
enter a balance sheet item

enter a dollar amount

select a closing subsection name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings

enter a total of this subsection

enter a balance sheet item

enter a dollar amount

select a summarizing line for this part of the statement Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings

enter a subtotal amount for this part of the statement

enter a balance sheet item

enter a dollar amount

select between addition and deduction AddLess: enter a balance sheet item

enter a dollar amount

select a closing section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentAdditional Paid-in CapitalPaid-in CapitalCapital StockTotal Capital StockTotal Paid-in CapitalTotal Stockholders EquityTotal Additional Paid-in CapitalTotal Paid-in Capital and Retained Earnings

$enter a total amount for this section

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

Auditing Cases An Interactive Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

4th Edition

0132423502, 978-0132423502

More Books

Students also viewed these Accounting questions

Question

What index was used to restate to constant dollars?

Answered: 1 week ago

Question

Define HRM and its relation to organizational management

Answered: 1 week ago

Question

Explain the theoretical issues surrounding the HRM debate

Answered: 1 week ago