The following is a condensed version of the statement of shareholders' equity for Green Tech, Inc. for fiscal year ending January 31, 2009 (in millions of dollars):
Balance at February 1, 2008 3,865
Net income 2,088
Unrealized gain on debt investments 40
Foreign currency translation gain 10
Unrealized loss on derivative instruments (230)
Comprehensive income 1,908
Shares issued on exercise of options, including
tax benefits of $259 509
Repurchase of 40-million shares (1,950)
Balance of January 31, 2009 4,332
1. The tax rate of Green Tech., Inc. is 35%.
2. The repurchase occurred when the stock traded at $40 per share.
Prepare a reformulated statement of shareholders' equity for 2009 for Green Tech., Inc. The reformulated statement should identify the comprehensive income.© BrainMass Inc. brainmass.com December 20, 2018, 3:13 am ad1c9bdddf
Prepare a reformulated statement of shareholders' equity in this case.