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.Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports

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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