9. The following is selected financial information for Walkmart, Inc. for its ye
ID: 2532908 • Letter: 9
Question
9. The following is selected financial information for Walkmart, Inc. for its year ending January 31, 2013:
Retained earnings, January 31, 2012 …………....
$ 65,285
Common stock, January 31, 2012 ………………..
5,000
Dividends ………………………………………..…..
3,746
Net income ………………………………………..…
14,335
Stock issuances ………………………………….....
600
Prepare a statement of stockholders' equity for 2013 for Walkmart. All amounts are in millions.
Retained earnings, January 31, 2012 …………....
$ 65,285
Common stock, January 31, 2012 ………………..
5,000
Dividends ………………………………………..…..
3,746
Net income ………………………………………..…
14,335
Stock issuances ………………………………….....
600
Explanation / Answer
Statement of Stockholders' equity Common Stock ($5,000+$600) $ 5,600 Retained earnings Beginning balance $ 65,285 Add: Current year net income $ 14,335 Less: Dividends $ (3,746) Ending Retained earnings $ 75,874 Total stockholders' equity $ 81,474
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