Question: Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at February 3, 2007 ($ millions). Contributed capital, Feb.

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, 2008. Hint: Enter treasury stock, cash dividends and losses as negative numbers.

Gap, Inc.

Statement of Stockholders' Equity

For Year Ended February 2, 2008

Common Stock and APIC Treasury Stock Retained Earnings Accumulated Other Comp. Income/(Loss) Stockholders' Equity
February 3, 2007 $Answer $Answer $Answer $Answer $Answer
Sale of stock Answer Answer Answer Answer Answer
Purchase of stock Answer Answer Answer Answer Answer
Net income Answer Answer Answer Answer Answer
Other comprehensive income Answer Answer Answer Answer Answer
Cash dividends Answer Answer Answer Answer Answer
February 2, 2008 $Answer $Answer $Answer $Answer $Answer

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