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

question 142

Multiple Choice

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.

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Definitions:

In the Block

Refers to components or processes taking place within the main structure of an engine.

In the Oil Pan

Refers to the storage area at the bottom of an engine where oil collects and is recirculated, crucial for engine lubrication and cooling.

Engine Displacement

The total volume of air/fuel mixture an engine can draw in during one complete engine cycle, measured in liters or cubic inches, indicating the engine's size and power potential.

Cubic Millimeters

A unit of volume measurement in the metric system, equal to one millimeter by one millimeter by one millimeter, used to quantify very small volumes.