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Reformulation of an Equity Statement with Hidden Losses Dell Inc Hard The following is a condensed version of the statement of shareholders&39 equity for Dell Inc for fiscal year ending

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's 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 co1nprehensive income and include all hidden items.

May 26 2020 View more View Less

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