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Explain why the common stock is classified as part of the stockholder's equity

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Presented below is the stockholders equity section of AMR Corporation.;All amounts are in million except for number of shares and par value;Stockholders' Equity (Deficit) Current;Year Prior;Year;Preferred stock-20,000,000 shares authorized, none issued $ -0- $ -0-;Common stock-$1 par value, 750,000,000 shares authorized, 182,350,259 shares issued 182 182;Additional paid-in capital 2,521 2,605;Treasury shares at cost: current year-21,194,312, prior year-22,768,027 (1,308) (1,405);Accumulated other comprehensive loss (664) (785);Accumulated deficit (1,312) (551);$ (581) $ 46;Explain why the common stock is classified as part of the stockholder's equity.;Explain why treasury stock is not classified as an asset.;Explain what is meant by "Accumulated other comprehensive loss.;Why is the accumulated deficit larger in the current year than in the prior year?;Compute book value per share for AMR for the current year.;Note to tutor: Please show proof of correctness by providing textbook solution to problem.;Thank you

 

Paper#23622 | Written in 18-Jul-2015

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