Wells Fargo & Company, headquartered in San Francisco, is one of the nation’s largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2022. Retained Earnings $41,200 Preferred Stock 8,600 Common Stock—$1 2/3 par value, authorized 6,000,000,000 shares; issued 5,316,000,000 shares 8,860 Treasury Stock—67,346,829 common shares (2,420 ) Paid-in Capital in Excess of Par Value—Common Stock 53,200 Accumulated Other Comprehensive Income 8,260 Prepare the stockholders’ equity section of the balance sheet for Wells Fargo as of December 31, 2022. (Enter account name only and do not provide descriptive in
Wells Fargo & Company, headquartered in San Francisco, is one of the nation’s largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2022. Retained Earnings $41,200 Preferred Stock 8,600 Common Stock—$1 2/3 par value, authorized 6,000,000,000 shares; issued 5,316,000,000 shares 8,860 Treasury Stock—67,346,829 common shares (2,420 ) Paid-in Capital in Excess of Par Value—Common Stock 53,200 Accumulated Other Comprehensive Income 8,260 Prepare the stockholders’ equity section of the balance sheet for Wells Fargo as of December 31, 2022. (Enter account name only and do not provide descriptive in
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 8.24E
Related questions
Question
Wells Fargo & Company, headquartered in San Francisco, is one of the nation’s largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2022.
$41,200 | |||
8,600 | |||
Common Stock—$1 2/3 par value, authorized 6,000,000,000 shares; issued 5,316,000,000 shares | 8,860 | ||
(2,420 | ) | ||
Paid-in Capital in Excess of Par Value—Common Stock | 53,200 | ||
Accumulated Other Comprehensive Income | 8,260 |
Prepare the
WELLS FARGO & COMPANY
Partial Balance Sheet choose the accounting period (in millions) |
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select an opening section name | ||||||
select an opening subsection name | ||||||
select a name of the subordinate part of this subsection | ||||||
enter a balance sheet item
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$enter a dollar amount
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enter a balance sheet item
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enter a dollar amount
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select a summarizing line for the subordinate part of this subsection |
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$enter a subtotal of the two previous amounts
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select a name of the subordinate part of this subsection | ||||||
enter a balance sheet item |
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enter a dollar amount
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select a closing subsection name |
enter a total of this subsection
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|||||
enter a balance sheet item |
enter a dollar amount
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select a summarizing line for this part of the statement |
enter a subtotal amount for this part of the statement
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enter a balance sheet item |
enter a dollar amount
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select between addition and deduction : enter a balance sheet item
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enter a dollar amount
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select a closing section name |
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