Presented below is the stockholders equity section of AMR Corporation. All amounts are in millions except for
Question:
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.
Transcribed Image Text:
Current Prior Stockholders' Equity (Deficit) Year Year S-0- S-0- Preferred stock - 20,000,000 shares authorized; none issued Common stock - $1 par value; 750,000,000 182 182 shares authorized; 182,350,259 shares issued Additional paid-in capital 2,521 2,605 Treasury shares at cost: current (1,308) (1,405) year-21,194,312; prior year-22,768,027 (785) Accumulated other comprehensive loss (664) Accumulated deficit (1,312) (551) S (581) $ 46
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Accumulated other comprehensive loss or gain is the loss due to activities whi...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0470616314
IFRS edition volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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