Question
EL Company reported the following ($ in thousands) as of December 31, 2024. All accounts have normal balances. Deficit (debit balance in retained earnings) $
EL Company reported the following ($ in thousands) as of December 31, 2024. All accounts have normal balances.
| Deficit (debit balance in retained earnings) | $ 2,700 |
|---|---|
| Common stock | 3,800 |
| Paid-in capitalshare repurchase | 1,800 |
| Treasury stock (at cost) | 390 |
| Paid-in capitalexcess of par | 30,200 |
During 2025 ($ in thousands), net income was $9,900; 25% of the treasury stock was resold for $600; cash dividends declared were $790; cash dividends paid were $450.
What ($ in thousands) was shareholders' equity as of December 31, 2025?
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Auditing a business risk appraoch
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
6th Edition
9780324645095, 324645090, 978-0324375589
