Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a-d The Consolidated Statement of Stockholders' Equity for Computer Plus, Inc. for the year ending February 1, 2017 appears below: COMPUTER PLUS, INC Consolidated Statement

a-d
image text in transcribed
The Consolidated Statement of Stockholders' Equity for Computer Plus, Inc. for the year ending February 1, 2017 appears below: COMPUTER PLUS, INC Consolidated Statement of Stockholders' Equity Common Stock and Capital in Excess of Par Retaine Accumulated Treasury Stock d Other Issued Amoun Share Earning Comprehensiv (in millions) Shares t S Amount S e Loss Total Balances at February 3, 2016 6,780 $24,374 2,308 $(62,890) $56,472 $(122) $17,834 Net Income 4,744 4,744 Change in net unrealized gain or loss on Investments, net of taxes (12) Foreign currency translation adjustments (66) (66) Change in net unrealized loss on derivative Instruments, net of taxes 82 82 Total comprehensive income 54.748 Stock issuances under employee plans and other 46 72 72 Repurchases 92 (1.400) (1.400) Cash dividends declared (556) (556) Stock-based compensation expense under SFAS 123(R) 716 716 Net tax shortfall (54) (54) Balance at February 1, 2017 6.826 $25,108 2.400 $164.290) $60,660 $(118) $21.350 (12) A. If all non-owner related wealth changes were reported as part of net income, how much would Computer Plus, Inc. have reported as net income for the year ending February 1, 2017? B. What amount will Computer Plus report on its balance sheet at February 1, 2017 for comprehensive income? C. Eplain what caused the foreign currency translation adjustment D. Explain what caused the net unrealized loss on investments

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Federal Budget Politics Policy Process

Authors: Allen Schick

3rd Edition

0815777353, 9780815777359

More Books

Students also viewed these Accounting questions

Question

Describe alternative training and development delivery systems.

Answered: 1 week ago

Question

Summarize the learning organization idea as a strategic mind-set.

Answered: 1 week ago