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Exercise 11-8






Your answer is correct.



Wells Fargo & Company, headquartered in San
Francisco, is one of the nation’s largest financial institutions.
It reported the following selected accounts (in millions) as of
December 31, 2009.

Retained earnings




Preferred stock




Common stock—$12/3 par value, authorized
6,000,000,000 shares; issued 5,245,971,422 shares




Treasury stock—67,346,829 shares




Additional paid-in capital—common stock




Prepare the stockholders’ equity section of the balance sheet for
Wells Fargo as of December 31, 2009.


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