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 $41,563  

Preferred stock 8,485  

Common stock—$123123; par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares 8,743  

Treasury stock—67,346,829 common shares (2,450) 

Paid‐in capital in excess of par value—common stock 52,878  

Accumulated Other 

Comprehensive Income 8,327  

Instructions 

Prepare the stockholders' equity section of the balance sheet for Wells Fargo as of December 31, 2017. 

Prepare a stockholders' equity section.

Answer rating: 100% (QA)

Solution Stockholders Equity Paid in Capital Capital Stock Preferred Stock 848... View the full answer