The 2016 balance sheet of Marias Tennis Shop, Inc., showed $540,000 in the common stock account and

Question:

The 2016 balance sheet of Maria’s Tennis Shop, Inc., showed $540,000 in the common stock account and $5.6 million in the additional paid-in surplus account. The 2017 balance sheet showed $595,000 and $6.18 million in the same two accounts, respectively. If the company paid out $270,000 in cash dividends during 2017, what was the cash flow to stockholders for the year?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... 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...