Reformulate the following statement of shareholders equity. The firms tax rate is 35%. Balance, end of fiscal

Question:

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

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...