Accumulated other comprehensive income is reported: 2 Multiple Choice 01.55 O In the balance sheet...

70.2K

Verified Solution

Question

Accounting

image
image
image
Accumulated other comprehensive income is reported: 2 Multiple Choice 01.55 O In the balance sheet as an asset. In the balance sheet as a liability In the balance sheet as a component of shareholders' equity. In the statement of comprehensive income. Yellow Enterprises reported the following ($ in thousands) as of December 31, 2021. All accounts have normal balances. Deficit (debit balance in retained earnings) Common stock Paid in capital-share repurchase Treasury stock (at cost) Paid in capital-excess of par $ 3,000 3,700 1,900 210 31,600 00:56 During 2022 ($ in thousands), net income was $9,800; 25% of the treasury stock was resold for $580; cash dividends declared were $780; cash dividends paid were $490, What ($ in thousands) was shareholders' equity as of December 31, 2021 Multiple Choice $39.990 What ($ in thousands) was shareholders' equity as of December 31, 2021? Multiple Choice $39.990. $32,090 $33,990 $34.410

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students