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15. The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $920,000 in the common stock account and $6.15 million in the additional paid-in surplus

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15. The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $920,000 in the common stock account and $6.15 million in the additional paid-in surplus account. The 2009 balance sheet showed $895,000 and $7.8 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2009, What was the cash flow to stockholders for the year? Remember: Cash flow to stockholders = Dividends paid - Net new equity Cash flow to stockholders = Dividends paid - [(Common_end + APIS_end) (Common_beg + APIS_beg)]

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