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Last year's balance sheet of Sugarpova's Tennis Shop, Inc., shows $460,000 in the common stock account and $3.2 million in the additional paid-in surplus account.
Last year's balance sheet of Sugarpova's Tennis Shop, Inc., shows $460,000 in the common stock account and $3.2 million in the additional paid-in surplus account. The current balance sheet shows $500,000 and $3.5 million in the same two accounts, respectively. If the company paid out $410,000 in cash dividends during the year, and $50,000 in interest, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow to stockholders (CFTS) Does this represent a cash inflow or outflow to the firm? (Click to select) Cash inflow since CFTS is positive Cash outflow since CFTS is negative Cash outflow since CFTS is positive Not enough information Cash inflow since CFTS is negative
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