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, 2018?
A) $29,600.
B) $35,600.
C) $30,400.
D) $28,600.

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, 2018?
A) $29,600. 
B) $35,600. 
C) $30,400. 
D) $28,600.

Quizplus · Accepted Answer

11ea937b_35ab_e687_a419_af7b7e8cca51_TB2599_00

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