Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Yellow Enterprises reported the following ($ in thousands) as of December 31, 2021. All accounts have normal balances. Deficit (debit balance in retained earnings) $
Yellow Enterprises reported the following ($ in thousands) as of December 31, 2021. All accounts have normal balances.
Deficit (debit balance in retained earnings) | $ | 1,200 | |
Common stock | 2,100 | ||
Paid-in capitalshare repurchase | 2,500 | ||
Treasury stock (at cost) | 380 | ||
Paid-in capitalexcess of par | 31,800 | ||
During 2022 ($ in thousands), net income was $10,900; 25% of the treasury stock was resold for $490; cash dividends declared were $760; cash dividends paid were $470. What ($ in thousands) was shareholders' equity as of December 31, 2022?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started