The 2019 balance sheet of Dyrdeks Skate Shop, Inc., showed $486,000 in the common stock account and
Question:
The 2019 balance sheet of Dyrdek’s Skate Shop, Inc., showed $486,000 in the common stock account and $5.04 million in the additional paid-in surplus account. The 2020 balance sheet showed $536,000 and $5.56 million in the same two accounts, respectively. If the company paid out $245,000 in cash dividends during 2020, what was the cash flow to stockholders for the year?
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The cash flow to stockholders is the dividends paid minus any new eq...View the full answer
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Related Book For 
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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