$8 par value shares outstanding or (2) effecting a 2-for-1 stock split that will IU value to $4 per share. The current market price is $17 per share. s two courses of action: (1) declaring a 5% stoc Instructions holders' equity and outstanding shares. Use these column headings: Before Action, After E11-8 Wells Fargo & Company, headquartered in San Francisco, is one of the nation's w of the effects of the alternative actions on the company's stock- Stock Dividend, and After Stock Split. largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2017. $41,563 8,485 Retained Earnings Preferred Stock Common Stock-$1% par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares Treasury Stock-67,346,829 common shares Paid-in Capital in Excess of Par Value-Common Stock Accumulated Other Comprehensive Income 8,743 (2,450) 52,878 8,327 Instructions Prepare the stockholders' equity section of the balance sheet for Wells Fargo as of Decem- ber 31, 2017. E11-9 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Ryder Corporation at December 31, 2017. Common Stock ($2 stated value) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (8%, $100 par, noncumulative) $1,600,000 45,000 1,050,000 600,000
$8 par value shares outstanding or (2) effecting a 2-for-1 stock split that will IU value to $4 per share. The current market price is $17 per share. s two courses of action: (1) declaring a 5% stoc Instructions holders' equity and outstanding shares. Use these column headings: Before Action, After E11-8 Wells Fargo & Company, headquartered in San Francisco, is one of the nation's w of the effects of the alternative actions on the company's stock- Stock Dividend, and After Stock Split. largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2017. $41,563 8,485 Retained Earnings Preferred Stock Common Stock-$1% par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares Treasury Stock-67,346,829 common shares Paid-in Capital in Excess of Par Value-Common Stock Accumulated Other Comprehensive Income 8,743 (2,450) 52,878 8,327 Instructions Prepare the stockholders' equity section of the balance sheet for Wells Fargo as of Decem- ber 31, 2017. E11-9 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Ryder Corporation at December 31, 2017. Common Stock ($2 stated value) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (8%, $100 par, noncumulative) $1,600,000 45,000 1,050,000 600,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
E11-number 8!
Transcribed Image Text:$8 par value shares outstanding or (2) effecting a 2-for-1 stock split that will IU
value to $4 per share. The current market price is $17 per share.
s two courses of action: (1) declaring a 5% stoc
Instructions
holders' equity and outstanding shares. Use these column headings: Before Action, After
E11-8 Wells Fargo & Company, headquartered in San Francisco, is one of the nation's
w of the effects of the alternative actions on the company's stock-
Stock Dividend, and After Stock Split.
largest financial institutions. Suppose it reported the following selected accounts (in
millions) as of December 31, 2017.
$41,563
8,485
Retained Earnings
Preferred Stock
Common Stock-$1% par value, authorized 6,000,000,000 shares;
issued 5,245,971,422 shares
Treasury Stock-67,346,829 common shares
Paid-in Capital in Excess of Par Value-Common Stock
Accumulated Other Comprehensive Income
8,743
(2,450)
52,878
8,327
Instructions
Prepare the stockholders' equity section of the balance sheet for Wells Fargo as of Decem-
ber 31, 2017.
E11-9 The following stockholders' equity accounts, arranged alphabetically, are in the
ledger of Ryder Corporation at December 31, 2017.
Common Stock ($2 stated value)
Paid-in Capital in Excess of Par Value-Preferred Stock
Paid-in Capital in Excess of Stated Value-Common Stock
Preferred Stock (8%, $100 par, noncumulative)
$1,600,000
45,000
1,050,000
600,000
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education