Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances. During 2019 ($ in 000s), net income was $9,000; 25% of the treasury stock was resold for $450; cash dividends declared were $600; cash dividends paid were $500.
- What ($ in 000s) was shareholders' equity as of December 31, 2019?
A) $38,100.
B) $37,450.
C) $38,450.
D) $38,350.

Question

Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances.  During 2019 ($ in 000s), net income was $9,000; 25% of the treasury stock was resold for $450; cash dividends declared were $600; cash dividends paid were $500.
- What ($ in 000s) was shareholders' equity as of December 31, 2019?
A) $38,100. 
B) $37,450. 
C) $38,450. 
D) $38,350.

Quizplus · Accepted Answer

11ea937b_35ac_0d99_a419_83256674658e_TB2599_00

Yellow Enterprises Reported the Following ($ in 000s) as of December