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Question: Reformulation of an Equity Statement with Hidden Losses: Dell, Inc. (Hard) The following is a condensed version of the statement of shareholders; equity for Dell, Inc., for fiscal year ending January 31 , 2003 (in millions of dollars):

Other information:

1. Dell tax rate is 3 5 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 refonnulated statement should identify comprehensive income and include all hidden items.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92299619

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