The following is adapted from the statement of shareholders' equity for Intel Corporation for 2000 (in millions of dollars). Intel faces a 38 percent tax rate. Balance, December 25, 1999 Net income 32,535 10,535 Unrealized loss on available-for-sale securities (3,596) Issuance of shares through employee stock plans, net of tax benefit of $887 million 1,684 Conversion of subordinated notes to common stock (market value of the stock was $350 million) 207 Repurchase of common stock (3,877) Cash dividends (470) Issuance of shares for acquisitions 278 37,296 Calculate comprehensive income to Intel's shareholders for 2000, being sure to include any hidden dirty-surplus expenses.

The following is adapted from the statement of shareholders' equity for Intel Corporation for 2000 (in millions of dollars). Intel faces a 38 percent tax rate. Balance, December 25, 1999 Net income 32,535 10,535 Unrealized loss on available-for-sale securities (3,596) Issuance of shares through employee stock plans, net of tax benefit of $887 million 1,684 Conversion of subordinated notes to common stock (market value of the stock was $350 million) 207 Repurchase of common stock (3,877) Cash dividends (470) Issuance of shares for acquisitions 278 37,296 Calculate comprehensive income to Intel's shareholders for 2000, being sure to include any hidden dirty-surplus expenses.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...

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