A. If all non-owner related wealth changes were reported as part of net income, how much would Computer Plus, Inc. have reported as net income for the year ending February 1, 2017? B. What amount will Computer Plus report on its balance sheet at February 1, 2017 for comprehensive income? C. Eplain what caused the foreign currency translation adjustment. D. Explain what caused the net unrealized loss on investments.
Consolidated Statement of
Common Stock
and Capital in
Excess of Par
Retaine
d
Earning
s
Accumulated
Other
Comprehensiv
e Loss Total (in millions)
Issued
Shares
Amoun
t
Share
s Amount
Balances at February 3, 2016 6,780 $24,374 2,308 $(62,890) $56,472 $(122) $17,834
Net income 4,744 4,744
Change in net unrealized gain or loss on
investments, net of taxes
(12) (12)
Foreign currency translation adjustments (66) (66)
Change in net unrealized loss on
derivative instruments, net of taxes
82 82
Total comprehensive income $4,748
Stock issuances under employee plans
and other 46 72
72
Repurchases 92 (1,400) (1,400)
Cash dividends declared (556) (556)
Stock-based compensation expense
under SFAS 123(R) 716
716
Net tax shortfall (54) (54)
Balance at February 1, 2017 6,826 $25,108 2,400 $(64,290) $60,660 $(118) $21,360
A. If all non-owner related wealth changes were reported as part of net income, how much would
Computer Plus, Inc. have reported as net income for the year ending February 1, 2017?
B. What amount will Computer Plus report on its
comprehensive income?
C. Eplain what caused the foreign currency translation adjustment.
D. Explain what caused the net unrealized loss on investments.
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