Question: P1-40. Formulating a Statement of Stockholders' Equity from Raw Data (LO2) Gap, Inc., reports the following selected information at February 2,2013 ($ millions) Contributed capital,

P1-40. Formulating a Statement of Stockholders' Equity from Raw Data (LO2) 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 fiscal year 2013, Gap reported the following:

a. Issuance of stock..$3

b. Repurchase of stock..$705

c. Net income..$1,135

d. Cash dividends..$240

e. Other comprehensive income (loss)$(48)

Required

Use this information to prepare the statement of stockholders' equity for Gap, Inc., for fiscal year 2013.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!