Question: accounting Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at February 3, 2007 ($ millions). Contributed capital,
Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at February 3, 2007 ($ millions). Contributed capital, Feb. 3, 2007 $2,686 Treasury stock, Feb. 3, 2007 (6,235) Retained earnings, Feb. 3, 2007 8,646 Accumulated other comprehensive income, Feb. 3, 2007 77 During fiscal year 2008, Gap reported the following: 1. Sale of stock $152 2. Purchase of stock 1,677 3. Net income 833 4. Cash dividends 256 5. Other comprehensive income 48 Use this information to prepare the statement of stockholders' equity for Gap, Inc., for year ended February 2, Hint: Enter treasury stock amounts, cash dividends and losses as negative numbers. Gap, Inc. Statement of Stockholders' Equity For Year Ended February 2, 2008 Accumulated Contributed Capital Treasury Stock Retained Earnings Other Comp. Stockholders' Income/(Loss) Equity February 3, 2007 $ 0$ 0 $ 05 0 Sale of stock 0 0 0 Repurchase of stock 0 0 Net income 0 Othercomprehensive income 0 Cash dividends February 2, 2008 $ 0 0$ 0 $ 0 0 0 0 0 0$ 0 0 0 0 $ 0 0 0 0 0 $ 0 0 0 0 0 0
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