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Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
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Phoniex University
Oct-2001 - Nov-2016
Reformulation of an Equity Statement and Accounting for the Exercise of Stock Options: Starbucks Corporation (Hard)
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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.
c. The following information is provided in the equity footnote in the firm's 10-K for 2007:

At balance sheet date in 2007, Starbucks' shares traded at $28.57 each. Provide an estimate of the option overhang at that date.
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