In this simulation, you are asked to address questions related to the accounting for stockholders, equity. Prepare responses to allparts.

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KWW Professional Simulation Time Remaining Stockholders' Equity 4 hours 10 minutes Unspit Split Horiz Split Vertical Spreadsheet Calculator Exit Directions Situation Explanation Analysis Resources Presented below are the stockholders' equity sections for AMR Corporation. All amounts are in millions, except number of shares and par value. Current Year Prior Year Stockholders' Equity (Deficit) Preferred stock-20,000,000 shares authorized; none issued Common stock-S1 par value; 750,000,000 shares authorized; 182,350,259 shares issued Additional paid-in capital Treasury shares at cost: current year-21, 194,312; prior year-22,768,027 Accumulated other comprehensive loss Accumulated deficit $ -0- $ -0- 182 2,521 (1,308) (664) (1,312) $ (581) 182 2,605 (1,405) (785) (551) 46 Situation| Explanation Analysis Rezources Directions (a) Explain why common stock is classified as part of stockholders' equity. (b) Explain why treasury stock is not classified as an asset. (c) Explain what is meant by "Accumulated other comprehensive loss." (d) Why is the accumulated deficit larger in the current year than in the prior year? Directions Situation Explanation Analysis Resources Compute book value per share for AMR for the current year.