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.

Retained Earnings		$40,700
Preferred Stock		8,350
Common Stock—$1 2/3 par value, authorized 6,000,000,000 shares; issued 5,151,000,000 shares		8,585
Treasury Stock—67,346,829 common shares		(2,370	)
Paid-in Capital in Excess of Par Value—Common Stock		52,700
Accumulated Other Comprehensive Income		8,235

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 information.)

WELLS FARGO & COMPANY

Answer 1

Stockholders Equity Section
Common Stock	8,585
Paid-in Capital in Excess of Par Value—Common Stock	52,700
Common stockholders paid in capital	61,285
Preferred Stock	8,350
Total paid in capital	69,635
Retained Earnings	40,700
Accumulated Other Comprehensive Income	8,235
Total	118,570
Treasury stock	-2,370
Total stockholders equity	$116,200

Kindly comment if you need further assistance. Thanks‼!