30. 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 $ 3,000 2,000 1,000 400 30,000 During 2022 ($ in thousands), net income was $9,000; 25% of the treasury stock was resold for $450; cash dividends declared were $600; cash dividends paid were $500. What (S in thousands) was shareholders' equity as of December 31, 2021?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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30. 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
$ 3,000
2,000
1,000
400
30,000
During 2022 ($ in thousands), net income was $9,000; 25% of the treasury stock was resold for $450; cash dividends declared were $600; cash
dividends paid were $500.
What (S in thousands) was shareholders' equity as of December 31, 2021?
Transcribed Image Text:30. Yellow Enterprises reported the following ($ 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 $ 3,000 2,000 1,000 400 30,000 During 2022 ($ in thousands), net income was $9,000; 25% of the treasury stock was resold for $450; cash dividends declared were $600; cash dividends paid were $500. What (S in thousands) was shareholders' equity as of December 31, 2021?
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