pter 18 Quiz Louie Company Has A Defined Benefit Pensi. Ortega Inc, has a define

Question

pter 18 Quiz Louie Company Has A Defined Benefit Pensi. Ortega Inc, has a defined benefit pen Qulz Saved Help Save&ExitSubmit; Yellow Enterprises reported the following (S in 000s) as of December 31, 2018. All accounts have normal balances Deficit (debit balance in retained earnings Common stock Paid-in capital-treasury stock Treasury stock at cost Paid-in capital-excess of par $ 1,500 2,400 2,200 200 32,000 During 2019 declared were $650, cash dividends paid were $460 ($ in 000s), net income was $10300: 25% of the treasury stock was resold for S500, cash dividends What (S in 000s) was shareholders' equity as of December 31, 20197 Multiple Choice $44740 $45.050 45.200 30 F3

Explanation / Answer

Calculate stockholder's equity :

So answer is b) $45050

Common Stock 2400 Paid in capital in excess of par 32000 Paid in capital-Treasury stock 2650 Total paid in capital 37050 Retained earnings 8150 Total 45200 Less; Treasury stock -150 Total Stockholder's equity 45050

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