Question: Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at February 2, 2013 ($ millions). Contributed capital, February
Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at February 2, 2013 ($ millions).
| Contributed capital, February 2, 2013 | $2,919 |
| Treasury stock, February 2, 2013 | (13,465) |
| Retained earnings, February 2, 2013 | 13,259 |
| Accumulated other comprehensive income, February 2, 2013 | 181 |
During the fiscal year 2013, Gap reported the following:
| 1. Issuance of stock | $ 3 |
| 2. Repurchase of stock | 705 |
| 3. Net income | 1,135 |
| 4. Cash dividends | 240 |
| 5. Other comprehensive income/ (loss) | (48) |
Use this information to prepare the statement of stockholders' equity for Gap, Inc., for the fiscal year 2013. Hint: Enter treasury stock amounts, cash dividends, and losses as negative numbers.
Use this information to prepare the statement of stockholders' equity for Gap, Inc., for fiscal year 2013. Hint: Enter treasury stock amounts, cash dividends and losses as negative numbers. Gap, Inc. Statement of Stockholders' Equity For Year Ended February 2, 2013 Accumulated Contributed Retained Other Comp. Stockholders' Capital Treasury Stock Earnings Income/(Loss) Equity $ (2,919) * $ (13,465) * $ 13,259 X $ 181 X $ 2,894 x 3 0 0 0 3 0 (705) 0 0 (705) February 1, 2012 Issuance of stock Repurchase of stock Net income Othercomprehensive income(loss) Cash dividends 0 0 1,135 0 0 x 0 0 0 (48) (48) (240) 0 0 (240) 0 February 2, 2013 $ 2,922 x $ 14,170 x $ 0 x $ 0 X $ 0 x Check
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