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In 2018, a company had depreciation expense of $700 and interest expense of $450. Dividends paid during the year were $675 and the addition to
In 2018, a company had depreciation expense of $700 and interest expense of $450. Dividends paid during the year were $675 and the addition to retained earnings for the year was $625. At the beginning of the year, long-term debt was $6,000 and owner's equity was $18,500. At the end of the year, long-term debt was $6,500 and owner's equity was $18,000. What is the cash flow to shareholders for 2018?
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