Question
Wells Fargo & Company, headquartered in San Francisco, is one of the nations largest financial institutions. Suppose it reported the following selected accounts (in millions)
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, 2014.
Retained earnings $41,563 Preferred stock 8,485 Common stock$12/3 par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares 8,743 Treasury stock67,346,829 common shares (2,450 ) Paid-in capital in excess of par valuecommon stock 52,878
Prepare the stockholders equity section of the balance sheet for Wells Fargo as of December 31, 2014.
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