Question
In 2018, a company had depreciation expense of $750 and interest expense of $500. Dividends paid during the year were $725 and the addition to
In 2018, a company had depreciation expense of $750 and interest expense of $500. Dividends paid during the year were $725 and the addition to retained earnings for the year was $675. At the beginning of the year, long-term debt was $6,500 and owner's equity was $19,000. At the end of the year, long-term debt was $7,000 and owner's equity was $18,500. What is the cash flow to shareholders for 2018? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50
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