What was shareholders equity as of December

Assignment Help Accounting Basics
Reference no: EM132578145

Question - Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances.

Deficit (debit balance in retained earnings)$3,000 Common stock 2,800 Paid-in capital-treasury stock 2,700 Treasury stock at cost 310 Paid-in capital-excess of par 31,700

During 2019 ($ in 000s), net income was $10,400; 25% of the treasury stock was resold for $560; cash dividends declared were $670; cash dividends paid were $430.

What ($ in 000s) was shareholders' equity as of December 31, 2019?

Reference no: EM132578145

Questions Cloud

Compute Jackson basic and diluted earnings per share : The market price of the common shares averaged $42 during 2018. Compute Jackson's basic and diluted earnings per share for 2018
Good public speaker can help individuals grow their business : Research suggests that being a good public speaker can help individuals grow their business, advance their career, and form strong collaborations
Compute basic and diluted earnings per share : Paul Company had 100,000 shares of common stock outstanding on January 1, 2017. Compute basic and diluted earnings per share for 2018
Difference between american and european options : 1. a. Explain the difference between American and European options.
What was shareholders equity as of December : During 2019 ($ in 000s), net income was $10,400; 25% of the treasury stock was resold for $560; What was shareholders equity as of December
Change management related in the planning : How are project management and change management related in the planning and execution of projects/programs?
Target segment identification and selection : Define demographics, psychographics, and market segmentation.
Calculate the value of the company ending inventory : Calculate the value of the company's ending inventory using the lower-of-cost-or-net realizable value method applied to each item of inventory
Create international internship program : The Chairwoman of Board of Directors has selected you to lead the effort to create an international internship program for your organization.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Beige company has a beginning balance in the work in

beige company has a beginning balance in the work in process inventory account of 230000. current manufacturing costs

  Calculate the revenues needed to earn the target net income

Quick bites has a restaurant that is opened all day. Fixed costs total $450,000 per year. Calculate the revenues needed to earn the target net income.

  Write an analysis about test of liquidity

Write an analysis about test of liquidity that compare Best buy to Radio Shack and Conn's.

  Should calgary lumber process raw lumber into finished form

Finished lumber division: $145 per 100 board-feet of finished lumber Assume that there is no board-feet loss in processing raw lumber into finished lumber.

  Analyze the strengths and weaknesses of amazon

Analyze the strengths and weaknesses of amazon based on using Liquidity ratio for the past two years and present your findings

  On december 312010 dow steel corporation had 600000 shares

on december 312010 dow steel corporation had 600000 shares of common stock and 300000 shares of 8 noncumulative

  How the operating income will increase by the

Calculation used in a CVP analysis is the breakeven point. Once the breakeven point has been reached, operating income will increase by the

  Determine the amount of profit earned by each partner

Thomas Jackson and Craig Asus have capital balances of $56,000 and $85,000 respectively. Determine the amount of profit earned by each partner

  Calculate the cost of goods sold using the fifo periodic

Calculate the cost of goods sold using the FIFO periodic inventory method assuming that two of the three players were sold by the end of December

  How peterson determined gain on bargain purchase

How Peterson determined the following account balances: Gain on bargain purchase, Earnings from Santiago and Investment in Santiago

  Compute the claim against the insurance company

Compute the claim against the insurance company, Duncans insurance covers only goods owned

  How much money do you need to invest in Stocks A

Required - If your goal is to create portfolio that has an expected return of 13.68%, how much money do you need to invest in Stocks A and B

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd