Following is the stockholders' equity section of the Amazing Air Lines (AAL) Corporation's 2016 Consolidated Balance Sheet ($ in millions):
A. In general, what is meant by "accumulated other comprehensive loss"?
B. AAL has 1.5 billion shares of common stock authorized, with 867,866,505 of these shares issued as of the end 2016. Why is there a difference between these two numbers?
C. How many common shares did AAL have outstanding at the end of 2016?
D. Verify that AAL's common stock balance as of December 31, 2016 is approximately $95,000.
E. Calculate the average cost at which AAL repurchased its 18,225,197 million shares of common stock.
F. AAL's repurchase of 18,225,197 million shares in 2016 represents approximately 2.1% of the shares that are issued at year end. Give several reasons for this given the current economic conditions.

Question

Following is the stockholders' equity section of the Amazing Air Lines (AAL) Corporation's 2016 Consolidated Balance Sheet ($ in millions):
  A. In general, what is meant by "accumulated other comprehensive loss"?
B. AAL has 1.5 billion shares of common stock authorized, with 867,866,505 of these shares issued as of the end 2016. Why is there a difference between these two numbers?
C. How many common shares did AAL have outstanding at the end of 2016?
D. Verify that AAL's common stock balance as of December 31, 2016 is approximately $95,000.
E. Calculate the average cost at which AAL repurchased its 18,225,197 million shares of common stock.
F. AAL's repurchase of 18,225,197 million shares in 2016 represents approximately 2.1% of the shares that are issued at year end. Give several reasons for this given the current economic conditions.

Quizplus · Accepted Answer

The Answer of Following is the stockholders' equity section of the Amazing Air Lines (AAL) Corporation's 2016 Consolidated Balance Sheet ($ in millions):
  A. In general, what is meant by "accumulated other comprehensive loss"?
B. AAL has 1.5 billion shares of common stock authorized, with 867,866,505 of these shares issued as of the end 2016. Why is there a difference between these two numbers?
C. How many common shares did AAL have outstanding at the end of 2016?
D. Verify that AAL's common stock balance as of December 31, 2016 is approximately $95,000.
E. Calculate the average cost at which AAL repurchased its 18,225,197 million shares of common stock.
F. AAL's repurchase of 18,225,197 million shares in 2016 represents approximately 2.1% of the shares that are issued at year end. Give several reasons for this given the current economic conditions.

Following Is the Stockholders' Equity Section of the Amazing Air