Question
1. Cash Flow to Stockholders The 2011 balance sheet of Annas Tennis Shop, Inc., showed $490,000 in common stock account and $3.4 million in the
1. Cash Flow to Stockholders The 2011 balance sheet of Annas Tennis Shop, Inc., showed $490,000 in common stock account and $3.4 million in the additional paid-in surplus account. The 2012 balance sheet showed $525,000 and $3.7 million in the same two accounts, respectively. If the company paid out $275,000 in cash dividends during 2012, what was the cash flow to stockholders for the year?
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
17th edition
978-0273778172, 027377817X, 978-1292080505
