Question: E8.6. Reformulating an Equity Statement with Employee Stock Options (Medium) Reformulate the following statement of shareholder's equity. The firm's tax rate is 35%, Balance, end

E8.6. Reformulating an Equity Statement with Employee Stock Options (Medium) Reformulate the following statement of shareholder's equity. The firm's tax rate is 35%, Balance, end of fiscal year 2008 Share issues from exercised employee stock options Repurchase of 24 million shares Cash dividend Tax benefit from exercise of employee stock options Unrealized gain on debt investments Net income Balance, end of fiscal year 2009 Applications

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