Reformulate the following statement of shareholders’ equity. The firm’s tax rate is 35%. Balance, end of fiscal year 2008 …………………… 1,430 Share issues from exercised employee stock options … 810...

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Reformulate the following statement of shareholders’ equity. The firm’s tax rate is 35%.

Balance, end of fiscal year 2008 …………………… 1,430
Share issues from exercised employee stock options … 810
Repurchase of 24 million shares ……………………. (720)
Cash dividend ………………………………………. (180)
Tax benefit from exercise of employee stock options …. 12
Unrealized gain on debt investments …………………... 50
Net income …………………………………………….. 468
Balance, end of fiscal year 2009 ……………………. 1,870

Answered Same Day Dec 31, 2021

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David answered on Dec 31 2021

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Reformulate the following statement of shareholders’ equity. The firm’s tax rate is 35%. Balance, end of fiscal year 2008 …………………… 1,430 Share issues from exercised employee stock options … 810...

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