$8 par value shares outstanding or (2) effecting a 2-for-1 stock split that will IU value to $4 per share. The current market price is $17 per share. s two courses of action: (1) declaring a 5% stoc Instructions holders' equity and outstanding shares. Use these column headings: Before Action, After E11-8 Wells Fargo & Company, headquartered in San Francisco, is one of the nation's w of the effects of the alternative actions on the company's stock- Stock Dividend, and After Stock Split. largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2017. $41,563 8,485 Retained Earnings Preferred Stock Common Stock-$1% par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares Treasury Stock-67,346,829 common shares Paid-in Capital in Excess of Par Value-Common Stock Accumulated Other Comprehensive Income 8,743 (2,450) 52,878 8,327 Instructions Prepare the stockholders' equity section of the balance sheet for Wells Fargo as of Decem- ber 31, 2017. E11-9 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Ryder Corporation at December 31, 2017. Common Stock ($2 stated value) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (8%, $100 par, noncumulative) $1,600,000 45,000 1,050,000 600,000
$8 par value shares outstanding or (2) effecting a 2-for-1 stock split that will IU value to $4 per share. The current market price is $17 per share. s two courses of action: (1) declaring a 5% stoc Instructions holders' equity and outstanding shares. Use these column headings: Before Action, After E11-8 Wells Fargo & Company, headquartered in San Francisco, is one of the nation's w of the effects of the alternative actions on the company's stock- Stock Dividend, and After Stock Split. largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2017. $41,563 8,485 Retained Earnings Preferred Stock Common Stock-$1% par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares Treasury Stock-67,346,829 common shares Paid-in Capital in Excess of Par Value-Common Stock Accumulated Other Comprehensive Income 8,743 (2,450) 52,878 8,327 Instructions Prepare the stockholders' equity section of the balance sheet for Wells Fargo as of Decem- ber 31, 2017. E11-9 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Ryder Corporation at December 31, 2017. Common Stock ($2 stated value) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (8%, $100 par, noncumulative) $1,600,000 45,000 1,050,000 600,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 57E: Outstanding Stock Lars Corporation shows the following information in the stockholders equity...
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E11-number 8!
Transcribed Image Text:$8 par value shares outstanding or (2) effecting a 2-for-1 stock split that will IU
value to $4 per share. The current market price is $17 per share.
s two courses of action: (1) declaring a 5% stoc
Instructions
holders' equity and outstanding shares. Use these column headings: Before Action, After
E11-8 Wells Fargo & Company, headquartered in San Francisco, is one of the nation's
w of the effects of the alternative actions on the company's stock-
Stock Dividend, and After Stock Split.
largest financial institutions. Suppose it reported the following selected accounts (in
millions) as of December 31, 2017.
$41,563
8,485
Retained Earnings
Preferred Stock
Common Stock-$1% par value, authorized 6,000,000,000 shares;
issued 5,245,971,422 shares
Treasury Stock-67,346,829 common shares
Paid-in Capital in Excess of Par Value-Common Stock
Accumulated Other Comprehensive Income
8,743
(2,450)
52,878
8,327
Instructions
Prepare the stockholders' equity section of the balance sheet for Wells Fargo as of Decem-
ber 31, 2017.
E11-9 The following stockholders' equity accounts, arranged alphabetically, are in the
ledger of Ryder Corporation at December 31, 2017.
Common Stock ($2 stated value)
Paid-in Capital in Excess of Par Value-Preferred Stock
Paid-in Capital in Excess of Stated Value-Common Stock
Preferred Stock (8%, $100 par, noncumulative)
$1,600,000
45,000
1,050,000
600,000
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