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The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $940,000 in the common stock account and $6 million in the additional paid-in surplus account.
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $940,000 in the common stock account and $6 million in the additional paid-in surplus account. The 2009 balance sheet showed $875,000 and $8.4 million in the same two accounts, respectively. If the company paid out $680,000 in cash dividends during 2009, What was the cash flow to stockholders for the year?
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$260,000 $8,595,000 $-1,655,000 $1,655,000 $195,000
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