Question
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $770,000 in the common stock account and $6.65 million in the additional paid-in surplus account.
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $770,000 in the common stock account and $6.65 million in the additional paid-in surplus account. The 2009 balance sheet showed $855,000 and $8.15 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2009, What was the cash flow to stockholders for the year?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
