Wal-Mart’s stockholders’ equity statements provide details of equity transactions of the company during the 2009 fiscal year. Locate the statements in the 2009 Form 10-K for Wal-Mart (Appendix A) and consider the following questions:
1. What was the major reason that stockholders’ equity increased for the year?
2. How much did common stockholders receive in dividends during the year?
3. Did Wal-Mart issue more shares than it repurchased during the year or vice versa? How can you tell?