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

The shareholders' equity accounts of Pina Colada Inc. have the following balances on December 31, 2023: Common shares, 410,000 shares issued and outstanding Contributed surplus Retained earnings $11,480,000 2,800,000 40,700,000 Common shares are currently trading on the Toronto Stock Exchange at $58.

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The following partial information is taken from the comparative balance sheet of Levi Corporation:   Shareholders’ equity 12/31/2021   12/31/2020   Common stock, $5 par; 36 million shares authorized; 31 million sharesissued and 26 million shares outstanding at 12/31/2021; and ____million sharesissued and ____shares outstanding at 12/31/2020. $ 155 million   $ 130 million   Additional paid-in capital on common stock   523 million     401 million   Retained earnings   192 million     160 million   Treasury common stock, at cost, 5 million shares at 12/31/2021 and 2 millionshares at 12/31/2020   (85 million)     (48 million)   Total shareholders’ equity $ 785 million   $ 643 million      What was the average price of the additional treasury shares purchased by Levi during 2021? (Round your answer to 2 decimal places.)

Bramble Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock (54 par) 5440,000, Paid-in Capital in Excess of Par-Common Stock $210,000, and Retained Earnings $110,000. In 2022, the company had the following treasury stock transactions. Mar. 1 Purchased 7,000 shares at $8 per share. June 1 Sold 1,000 shares at $13 per share. Sept. 1 Sold 1,000 shares at $11 per share. Dec. Sold 1,000 shares at $7 per share. Bramble Corporation uses the cost method of accounting for treasury stock. In 2022, the company reported net income of $25,000. (a) Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2022, for net income. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit >

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The following data is available for Swifty Corporation at December 31, 2021: Common stock, par $10 (authorized 30700 shares) $241000 Treasury Stock (at cost $15 per share) 900 Based on the data, how many shares of common stock are outstanding?

Stanko Company reported $752.4 million in net income in 2024. On January 1, 2024, the company had 400 million shares of common stock outstanding. On March 1, 2024, 24 million new shares of common stock were sold for cash. On June 1, 2024, the company's common stock split 2 for 1. On July 1, 2024, 8 million shares were reacquired as treasury stock. 1. Compute Stanko’s basic earnings per share for the year ended December 31, 2024.

Enscoe Enterprises, Incorporated (EEI) has 240,000 shares authorized, 210,000 shares issued, and 20,000 shares of treasury stock. At this point, EEI has $1,530,000 of assets. $200,000 liabilities, $460,000 of common stock, and $870,000 of retained earnings. Further, assume that the market value of EEI's common stock is $9 per share. Requireda. Determine the number of shares of stock that is outstanding.b. Determine the book value per share.c. Provide a rational explanation for the difference between the book value per share and the market value per share of EEI's common stock.

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