Question
Hurricane Industries had a net income of $135,400 and paid 45 percent of this amount to shareholders in dividends. During the year, the company sold
Hurricane Industries had a net income of $135,400 and paid 45 percent of this amount to shareholders in dividends. During the year, the company sold $84,000 in new common stock. What was the company's cash flow to stockholders?
Multiple Choice
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$23,070
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$60,930
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$23,070
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$51,400
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$60,930
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Finance For IT Decision Makers
Authors: Michael Blackstaff
3rd Edition
1780171226, 978-1780171227
