Following Is the Stockholders' Equity Section of the Amazing Air

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The Answer is A. Accumulated other comprehensive loss includes changes to equity (except those resulting from contributions by and distributions to owners) that are not included in income and are, therefore, not reflected in retained earnings. Since the loss amounts exceed the income amounts, the net is a loss.
B. The number of shares authorized is formally set forth in a corporate charter created in conjunction with the establishment of a corporation. It can only be increased or decreased by an affirmative shareholder vote. A firm can issue any number of shares up to the amount formally authorized. The shares issued is the actual number of shares that have been sold to stockholders by the corporation.
C. Common shares outstanding = Common shares issued - treasury shares repurchased 867,866,505 - 18,225,197 = 849,641,308 outstanding
D. 867,866,505 shares issued x $.00011 par value = $95,465.32 or $95,000 (rounded)
E. $468,000,000 / 18,225,197 = $25.68 per share
F. A company typically repurchases stock for two reasons: 1) it feels their stock is undervalued in the marketplace and wishes to send a signal to investors, and 2) to offset the dilutive effects of employee stock option programs. More AAL employees may be cashing in on stock options if they anticipate AAL's market value to do well in the future. In this case, AAL would repurchase shares in an attempt to preserve earnings per share and equalize the number of shares outstanding.

Following Is the Stockholders' Equity Section of the Amazing Air

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Following Is the Stockholders' Equity Section of the Amazing Air

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