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Question 5 (20 points) G MA ended its 2007 year with shareholders' equity of -S37,094 million at December 31 (yes, negative equity!). Six months later,

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Question 5 (20 points) G MA ended its 2007 year with shareholders' equity of -S37,094 million at December 31 (yes, negative equity!). Six months later, at June 30, 2008, it reported -$56,990 million in equity after paying a dividend of S283 million to shareholders. There were no other transactions with shareholders. a. What was comprehensive income for the six months? b. The income statement reported a loss of $18,722 million for the six months. What was "other comprehensive income"? c. Total expense and other losses in the income statement, including taxes, were $60,895 million. What was revenue for the six months? d. The firm reported S148,883 million of total assets at the end of 2007 and $136,046 at June 30, 2008. What were total liabilities at these two dates? e. How can a firm have negative equity

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