holders' equity and outstanding shares. Use these column headings: Before Action, After Stock Dividend, and After Stock Split. E11-8 Wells Fargo & Company, headquartered in San Francisco, is one of the nation's 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 Decen ber 31, 2017.
holders' equity and outstanding shares. Use these column headings: Before Action, After Stock Dividend, and After Stock Split. E11-8 Wells Fargo & Company, headquartered in San Francisco, is one of the nation's 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 Decen ber 31, 2017.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
E11-8

Transcribed Image Text:holders' equity and outstanding shares. Use these column headings: Before Action, After
Stock Dividend, and After Stock Split.
E11-8 Wells Fargo & Company, headquartered in San Francisco, is one of the nation's
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 Decen
ber 31, 2017.
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