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.