headquartered in San Francisco, is one of the nations largest financial institutions. Suppose it reported the following

Question:

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, 2022. 

Retained Earnings.................$41,563 

Preferred Stock.................8,485 

Common Stock—$1(2/3) 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, 2022.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For  answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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