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NOTE: The correct answer is $45,570. However, I cannot figure out how to get to that answer. Please help and show all calculations! Thank you!
NOTE: The correct answer is $45,570. However, I cannot figure out how to get to that answer. Please help and show all calculations! Thank you!
Yellow Enterprises reported the following ($ in thousands) as of December 31, 2021. All accounts have normal balances. Deficit (debit balance in retained earnings) Common stock Paid-in capital-share repurchase Treasury stock (at cost) Paid-in capital-excess of par $ 2,100 2,800 3,000 300 31,500 During 2022 ($ in thousands), net income was $10,900; 25% of the treasury stock was resold for $450; cash dividends declared were $680; cash dividends paid were $460. What ($ in thousands) was shareholders' equity as of December 31, 2022Step by Step Solution
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