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The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $950,000 in the common stock account and $5.95 million in the additional paid-in surplus account.

The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $950,000 in the common stock account and $5.95 million in the additional paid-in surplus account. The 2009 balance sheet showed $925,000 and $8.1 million in the same two accounts, respectively. If the company paid out $550,000 in cash dividends during 2009, What was the cash flow to stockholders for the year?

Multiple Choice

  • $-1,575,000

  • $8,475,000

  • $1,575,000

  • $400,000

  • $375,000

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