the following is adapted from the statement of shareholders equ 249471

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 ………………………… 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.

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