Sagebrush Software Ltd. had the following selected account balances at December 31, 2017 (in thousands). Prepare the

Question:

Sagebrush Software Ltd. had the following selected account balances at December 31, 2017 (in thousands). Prepare the shareholders' equity section of Sagebrush Software's (in thousands).

Explain what is meant by "deficit"?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...