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.
Retained earnings | $41,450 | ||
Preferred stock | 9,200 | ||
Common stock—$1 2/3 par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares | 9,520 | ||
Treasury stock—67,346,829 common shares | (2,540 | ) | |
Paid-in capital in excess of par value—common stock | 52,450 | ||
Accumulated Other Comprehensive Income | 8,320 |
Prepare the stockholders’ equity section of the balance sheet for
Wells Fargo as of December 31, 2017. (Enter account
name only and do not provide descriptive
information.)
Get Answers For Free
Most questions answered within 1 hours.