Freeport-McMoRan (FCX)

[eddy2]

Wow Teddy figured it out. Congratulations Teddy you hit it on the head. The share holders deficit is what the government owes the share holders in there interest of the tax credit they purchased. Treasury stock is the government interest and the outstanding is the total value of the tax credit in the public hands. The difference between the deficit and treasury stock relative to the outstanding shares is money received from the credit offering loaned back to the company free of any collateral obligation “ good will “.

If one takes the assets minus the liability should the number be negative this indicates the portion of the liabilty not collateralized. This is based on the idea that the credit issued will be paid based on past performances of the companies ability to collect its credit debt from its customers.

So this brings us to retained earnings and again Teddy nailed it with his answer.

You want further answers to the question “ what is retained earnings” ask Teddy.