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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) Common stock $ 1,400 2,800 2,300 Paid-in capital-share repurchase Treasury stock (at cost) 220 30,100 Paid-in capital-excess of par During 2025 ($ in thousands), net income was $10,200; 25% of the treasury stock was resold for $540; cash dividends declared were $750; cash dividends paid were $470. What ($ in thousands) was shareholders' equity as of December 31, 2025? Multiple Choice $43,780

Yellow Enterprises reported the following ($ in thousands) as of December 31, 2024. All accounts have normal balances. Deficit (debit balance in retained earnings) Common stock $ 1,400 2,800 2,300 Paid-in capital-share repurchase Treasury stock (at cost) 220 30,100 Paid-in capital-excess of par During 2025 ($ in thousands), net income was $10,200; 25% of the treasury stock was resold for $540; cash dividends declared were $750; cash dividends paid were $470. What ($ in thousands) was shareholders' equity as of December 31, 2025? Multiple Choice $43,780

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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TB MC Qu. 18-28 (Algo) Yellow Enterprises reported the following... Yellow Enterprises reported the following ($ in thousands) as of December 31, 2024. All accounts have normal balances. Deficit (debit balance in retained earnings) Common stock $ 1,400 2,800 2,300 Paid-in capital-share repurchase Treasury stock (at cost) 220 30,100 Paid-in capital-excess of par During 2025 ($ in thousands), net income was $10,200; 25% of the treasury stock was resold for $540; cash dividends declared were $750; cash dividends paid were $470. What ($ in thousands) was shareholders' equity as of December 31, 2025? Multiple Choice $43,780 $43,570 O $43,310 O $45,070
Transcribed Image Text:TB MC Qu. 18-28 (Algo) Yellow Enterprises reported the following... Yellow Enterprises reported the following ($ in thousands) as of December 31, 2024. All accounts have normal balances. Deficit (debit balance in retained earnings) Common stock $ 1,400 2,800 2,300 Paid-in capital-share repurchase Treasury stock (at cost) 220 30,100 Paid-in capital-excess of par During 2025 ($ in thousands), net income was $10,200; 25% of the treasury stock was resold for $540; cash dividends declared were $750; cash dividends paid were $470. What ($ in thousands) was shareholders' equity as of December 31, 2025? Multiple Choice $43,780 $43,570 O $43,310 O $45,070
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