Wells Fargo & Company, headquartered in San Francisco, is one of the nations largest financial institutions. It
Question:
Wells Fargo & Company, headquartered in San Francisco, is one of the nation’s largest financial institutions. It reported the following selected accounts (in millions) as of December 31, 2009.
Retained earnings .........................$41,563
Preferred stock ...........................8,485
Common stock—$1 2/3 par value, authorized 6,000,000,000 shares;
issued 5,245,971,422 shares .....................8,743
Treasury stock—67,346,829 shares .................(2,450)
Additional paid-in capital—common stock ..............52,878
Instructions
Prepare the stockholders’ equity section of the balance sheet for Wells Fargo as of December 31, 2009.
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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