Question: Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at January 28, 2006 ($ millions). Contributed capital, Jan.

Formulating a Statement of Stockholders' Equity from Raw Data Gap, Inc., reports the following selected information at January 28, 2006 ($ millions).

Contributed capital, Jan. 28, 2006 $2,456
Treasury stock, Jan. 28, 2006 (5,210)
Retained earnings, Jan. 28, 2006 8,133
Accumulated other comprehensive income, Jan. 28, 2006 46

During fiscal year 2007, Gap reported the following:

1. Sale of stock $ 230
2. Purchase of stock 1,025
3. Net income 778
4. Cash dividends 265
5. Other comprehensive income 31

Use this information to prepare the statement of stockholders' equity for Gap, Inc., for year ended February 3, 2007.

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

Gap, Inc.

Statement of Stockholders' Equity

For Year Ended February 3, 2007

Contributed Capital Treasury Stock Retained Earnings Accumulated Other Comp. Income/(Loss) Stockholders' Equity
January 28, 2006 Answer Answer Answer Answer Answer
Sale of stock Answer Answer Answer Answer Answer
Repurchase of stock Answer Answer Answer Answer Answer
Net income Answer Answer Answer Answer Answer
Othercomprehensive 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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