The statement of shareholders' equity below for Starbucks Corporation, the retail coffee vendor, is for fiscal year
Question:
The statement of shareholders' equity below for Starbucks Corporation, the retail coffee vendor, is for fiscal year 2007.
(a) Reformulate the statement to distinguish comprehensive income from transactions with shareholders
(b) Calculate the after-tax loss to shareholders from the exercise of stock options during the year.
At balance sheet date in 2007, Starbucks' shares traded at $28.57 each. Provide an estimate of the option overhang at thatdate.
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Transcribed Image Text:
Accumulated Other Additional Other Additional Common Stock Paid-In Paid-ad Comprehensive Shares Amount itai Capital Earnings (S in thousands) Amount Capita Capital Earnings Income/Lass) Tota Balance, Dctober 1, 2006 756,02071 $756$39 393 539393 S2,151,08437273 2,228,506 Net earniags 572633 Unrealized holding loss. Transiation adjustment, Comprehensive income 672.638 (20,380) 37,727 net (20,380) net of tax 37,727 Stok-based compensation expense C6,373 06,373 Exercise of stock options, inckadng tax benefit of $95,276 12,744,226 3 225,233 225,246 Sale of common stock incuding tax provision of $139,908,407246,826 46,828 ,012,821) 539,393 $2,189366 54,620 $2,284,117 Repurchase of common stock (32,969419) (33) 378,432) 634,356) Balance September 30, 2007 738.285,285 $738 0 Shares Subject to Optsons Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Life (Years) 69,419,871 2,298,465 (12,744.226) (3,458,007 65,516,103 40,438,082 16.83 36,04 10.23 30.92 20.97 4.65 Outstanding, Cctober , 2006 Granted xercsed Cancelled/forfeited 6.2 5.0 Outstanding. September 30, 2007 Exercisable, September 30, 2007 Vested and expected to vest September 30, 2007 63,681,867 20.60 6.2
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
a The closing balance excludes 1064 million for Stockbased compensation expense which is a liability ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The following is adapted from the statement of shareholders equity for Intel Corporation for 2000 (in millions of dollars). Intel faces a 38 percent tax rate. Balance, December 25, 1999 .............
-
Using the statement of shareholders equity in Exhibit 8.1, carry out a ratio analysis that highlights the information about Nike in that statement.
-
The NF Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary share capital, P20 par value, 20,000 shares outstanding Preference share capital, 5% P100 par value,...
-
The California State Auditors Office assesses the fiscal health of the states cities and posts the information on Fiscal Health of California Cities (www.auditor.ca.gov/ bsa/cities_risk_index). The...
-
John Emburey, division manager of the Household Products Division, a maker of kitchen dishwashers, has just seen the balanced scorecard for his division for 2015. He immediately calls Patricia...
-
What is the after-tax income in the following situations for a single taxpayer in 2023? a. Taxable income received of \($100,000. b. \) Taxable income received of \($75,000,\) tax-exempt revenue...
-
Use the information about the Complexico mine of Example 14.8. Chapter 14, but assume that gold prices and interest rates are governed by the models of Example 19.3. Find the value of the Complexico...
-
High-income people are willing to pay more than lower-income people to avoid the risk of death. For example, they are more likely to pay for safety features on cars. Do you think costbenefit analysts...
-
In the context of global interconnectedness, how should we approach the ethical responsibilities of individuals, corporations, and governments towards marginalized communities and vulnerable...
-
A bank categorizes its customers into one of three groups based on their banking habits. A random sample of 30 customers from each group was selected, and the number of times each customer visited...
-
Reformulate the following statement of shareholders' equity statement for J.C. Penney Company. Dividends paid consisted of $24 million in preferred dividends and $225 million in commondividend J. C....
-
In 1996, Microsoft issued 12.5 million convertible preferred shares carrying a dividend of 2.75 percent for $980 million. The shares were converted into common shares in December 1999, with each...
-
Create a simulation similar to the one in the Wheel of Fortune Similation.xlsx file. However, suppose that the outcome of each spin is no longer uniformly distributed between $0 and $1000. Instead,...
-
How to call an action Method on the click of a link Html . ActionLink ( " LinkName " , "ActionMethod", "Controller" ) @ Html . ActionLink ( " LinkName " , "Controller", "ActionMethod" ) @Html ....
-
Sentry Solutions sells security systems for $771. Sentry sources security systems from Single Source, Inc., for a variable cost of $511 per unit. What is Sentry Solutions' contribution margin in...
-
Question 2: Suppose there are two cups. The red cup has 3 red, 3 blue and 1 black marbles. The blue cup has 2 red, 2 blue and 2 black marbles. Suppose that each cup is equally likely to be drawn. The...
-
KRD Supplies Corporation provided the following information for the year: Beginning Balance-Work-in-Process Inventory Ending Balance-Work-in-Process Inventory Beginning Balance-Raw Materials...
-
Kathy and Mark Smith believe investing in their retirement is critical. Kathy began investing 2 0 % of each paycheck in a retirement account when she was 2 0 years old. She has saved four times more...
-
After completing the speaking tool (speaking.amynewman.com), share your results with another student in class. Identify five or six strategies you will try before, during, or after a presentation....
-
What is your opinion of advertising awards, such as the Cannes Lions, that are based solely on creativity? If you were a marketer looking for an agency, would you take these creative awards into...
-
Let r(t) = (3 cos t, 5 sin t, 4 cos t). Show that r(t) is constant and conclude, using Example 7, that r(t) and r(t) are orthogonal. Then compute r(t) and verify directly that r' (t) is orthogonal to...
-
1. Which of the following items has the greatest GAAP authority under SAS 69? a. GASB implementation guides b. Consensus positions of GASBs Emerging Issues Task Force c. GASB statements and...
-
1. Which of the following items has the greatest GAAP authority under SAS 69? a. GASB implementation guides b. Consensus positions of GASBs Emerging Issues Task Force c. GASB statements and...
-
1. Depreciation expense accounts would likely be found in the a. General fund b. Capital projects fund c. Debt service fund d. Enterprise fund 2. The government-wide statements of a state government...
-
(1) Given a soil with a moist unit weight of 107.7 pcf, a moisture content of 18.0 % and a specific gravity of 2.72, fill in all the blanks on the phase diagram. Also, find the void ratio, porosity,...
-
What are the importance of geotechnical engineering in building construction and civil engineering ?
-
Part #3 Consolidation test results of a settlement versus time on a soil sample for an increment of 200 kPa vertical stress is shown in the following table. Determine the value of the Coefficient of...
Study smarter with the SolutionInn App