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Please explain and show how you got the answers, Calculating Cash Flow to Stockholders Last year's balance sheet of Sugarpova's Tennis Shop, Inc., shows $590,000
Please explain and show how you got the answers,
Calculating Cash Flow to Stockholders Last year's balance sheet of Sugarpova's Tennis Shop, Inc., shows $590,000 in the common stock account and $4.8 million in the additional paid-in surplus account. The current balance sheet shows $630,000 and $5.3 million in the same two accounts, respectively. If the company paid out $600,000 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)Step by Step Solution
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