FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:-Yellow Enterprises reported the following (5 in thousands) as of December 31, 2024. 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
During 2025 ($ 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 (5 in thousands) was shareholders' equity as of December 31, 2024?
Multiple Choice
$28,600
$35.600
$30,400
$ 3,000
2,000
1,000
400
30,000
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