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What was shareholders equity as of December

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Reference no: EM132944279

Question - Yellow Enterprises reported the following ($ in thousands) as of December 31, 2021. All accounts have normal balances.

Deficit (debit balance in retained earnings)$2,400 Common stock 3,800 Paid-in capital-share repurchase 2,800 Treasury stock (at cost) 370 Paid-in capital-excess of par 31,700

During 2022 ($ in thousands), net income was $9,100; 25% of the treasury stock was resold for $640; cash dividends declared were $700; cash dividends paid were $490.

What was shareholders' equity as of December 31, 2021?

Reference no: EM132944279

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