Question
Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances. Deficit (debit balance in retained earnings) $
Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances. Deficit (debit balance in retained earnings) $ 1,000 Common stock 2,500 Paid-in capital-treasury stock 1,600 Treasury stock at cost 390 Paid-in capitalexcess of par 31,600 During 2019 ($ in 000s), net income was $10,400; 25% of the treasury stock was resold for $510; cash dividends declared were $740; cash dividends paid were $410. What ($ in 000s) was shareholders' equity as of December 31, 2019? Multiple Choice $44,710. $44,300. $44,480. $45,480.
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