The following is adapted from the statement of shareholders equity for Intel Corporation for 2000 (in millions
Question:
Balance, December 25, 1999 .......... 32,535
Net income ................. 10,535
Unrealized loss on available-for-sale securities ... (3,596)
Issuance of shares through employee stock plans,
net of tax benefit of $887 million ........ 1,684
Conversion of subordinated notes to common stock
(market value of stock was $350million) ...... 207
Repurchase of common stock .......... (3,877)
Cash dividends ................. (470)
Issuance of shares for acquisitions .......... 278
37,296
Calculate comprehensive income to Intel's shareholders for 2000, being sure to include any hidden dirty-surplus expenses.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Net income 10535 Unrealized loss on securities 3596 Loss on conversion of notes 350207 143 Comp...View the full answer
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