The following is a condensed version of the statement of shareholders' equity for Dell, Inc., for the fiscal year ending January 31, 2003 (in millions of dollars): Balance at February 1, 2002 Net income Unrealized gain on debt investments Unrealized loss on derivative instruments Foreign currency translation gain Comprehensive income Shares issued on exercise of options, including tax benefits of $260 Repurchase of 50 million shares Balance of January 31, 2003 Other information: $4,694 2,122 26 (101) 4 2,051 418 (2,290) $4,873 1. Dell's tax rate is 35 percent. 2. The share repurchase occurred when the stock traded at $28 per share. a. What was the loss to shareholders from the exercise of stock options? b. Prepare a reformulated statement of shareholders' equity for 2003 for Dell, Inc. The reformulated statement should identify comprehensive income and include all hidden items.

The following is a condensed version of the statement of shareholders' equity for Dell, Inc., for the fiscal year ending January 31, 2003 (in millions of dollars): Balance at February 1, 2002 Net income Unrealized gain on debt investments Unrealized loss on derivative instruments Foreign currency translation gain Comprehensive income Shares issued on exercise of options, including tax benefits of $260 Repurchase of 50 million shares Balance of January 31, 2003 Other information: $4,694 2,122 26 (101) 4 2,051 418 (2,290) $4,873 1. Dell's tax rate is 35 percent. 2. The share repurchase occurred when the stock traded at $28 per share. a. What was the loss to shareholders from the exercise of stock options? b. Prepare a reformulated statement of shareholders' equity for 2003 for Dell, Inc. The reformulated statement should identify comprehensive income and include all hidden items.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 20BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...

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