Prepare the stockholders equity section of the balance


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-$123


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.

Solution Preview :

Prepared by a verified Expert
Cost Accounting: Prepare the stockholders equity section of the balance
Reference No:- TGS0794556

Now Priced at $30 (50% Discount)

Recommended (94%)

Rated (4.6/5)