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

question 84

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Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances. 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)  $38,350. During 2019 ($ 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?

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Definitions:

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