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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, 2017.
Retained earnings | $40,800 | ||
Preferred stock | 8,400 | ||
Common stock$1 2/3 par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares | 8,640 | ||
Treasury stock67,346,829 common shares | (2,380 | ) | |
Paid-in capital in excess of par valuecommon stock | 52,800 | ||
Accumulated Other Comprehensive Income | 8,240 |
Prepare the stockholders equity section of the balance sheet for Wells Fargo as of December 31, 2017
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