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ellow Enterprises reported the following ($ in thousands) as of December 31, 2024. All a Deficit (debit balance in retained earnings) Common stock $ 2,500 2,600 Paid-in capital-share repurchase Treasury stock (at cost) 1,500 320 Paid-in capital-excess of par 30,400 uring 2025 ($ in thousands), net income was $10,400, 25% of the treasury stock was re

ellow Enterprises reported the following ($ in thousands) as of December 31, 2024. All a Deficit (debit balance in retained earnings) Common stock $ 2,500 2,600 Paid-in capital-share repurchase Treasury stock (at cost) 1,500 320 Paid-in capital-excess of par 30,400 uring 2025 ($ in thousands), net income was $10,400, 25% of the treasury stock was re

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Yellow Enterprises reported the following ($ in thousands) as of December 31, 2024. All accounts have normal balances. Deficit (debit balance in retained earnings) $ 2,500 Common stock 2,600 1,500 320 30,400 Paid-in capital-share repurchase Treasury stock (at cost) Paid-in capital-excess of par During 2025 ($ in thousands), net income was $10,400, 25% of the treasury stock was resold for $600, cash dividends declared were $760, cash dividends paid were $490. What ($ in thousands) was shareholders' equity as of December 31, 2024? Multiple Choice $30,180
Transcribed Image Text:Yellow Enterprises reported the following ($ in thousands) as of December 31, 2024. All accounts have normal balances. Deficit (debit balance in retained earnings) $ 2,500 Common stock 2,600 1,500 320 30,400 Paid-in capital-share repurchase Treasury stock (at cost) Paid-in capital-excess of par During 2025 ($ in thousands), net income was $10,400, 25% of the treasury stock was resold for $600, cash dividends declared were $760, cash dividends paid were $490. What ($ in thousands) was shareholders' equity as of December 31, 2024? Multiple Choice $30,180
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