Reference no: EM132475094
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, 2017.
Retained earnings $41,563
Preferred stock 8,485
Common stock- $1 2 3 123 par value,
authorized 6,000,000,000 shares;
issued 5,245,971,422 shares8,743
Treasury stock-67,346,829 common shares(2,450)
Paid-in capital in excess of par value-common stock52,878
Accumulated Other Comprehensive Income8,327
Instructions
Question 1: What is the stockholders' equity section of the balance sheet for Wells Fargo as of December 31,2017
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