The 2020 balance sheet of Osakas Tennis Shop, Inc., showed $780,000 in the common stock account and
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The 2020 balance sheet of Osaka’s Tennis Shop, Inc., showed $780,000 in the common stock account and $4.78 million in the additional paid-in surplus account. The 2021 balance sheet showed $965,000 and $5.04 million in the same two accounts, respectively. If the company paid out $654,000 in cash dividends during 2021, what was the cash flow to stockholders for the year?
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As of the year 2020 Total common stock 4780000 Additi...View the full answer
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Cristine Mae Acosta
I am a graduate of Bachelor of Science in Business Administration major in Management Accounting last March 2019. After two months, I am hired in the private company in our city and work here as an Internal Auditor for Financial Statements. While working, I indulge myself and got to enroll in a private school to pursue teaching and after a year, I completed the units. I tutored a lot of students by face to face when I was in my high school and college years. This year, while preparing and waiting for my review in Licensure for Professional Teachers Examination, I took an exam for some certifications in order to grow and have a career development.
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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