The December 31, 1998, balance sheet of Pearl Jelly, Inc., showed ($500,000) in the common stock account

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The December 31, 1998, balance sheet of Pearl Jelly, Inc., showed \($500,000\) in the common stock account and \($6.6\) million in the additional paid-in surplus account. The December 31, 1999, balance sheet showed \($550,000\) and \($7.0\) million in the same two accounts, respectively. If the company paid out \($300,000\) in cash dividends during 1999, what was the cash flow to stockholders for the year?

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Fundamentals Of Corporate Finance

ISBN: 9780072313000

5th Edition

Authors: Stephen A Ross, Randolph W Westerfield

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