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The 2010 balance sheet of Marias Tennis Shop, Inc., showed $470,000 in the common stock account and $4.5 million in the additional paid-in surplus account.
The 2010 balance sheet of Marias Tennis Shop, Inc., showed $470,000 in the common stock account and $4.5 million in the additional paid-in surplus account. The 2011 balance sheet showed $510,000 and $4.8 million in the same two accounts, respectively. |
If the company paid out $420,000 in cash dividends during 2011, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) |
Cash flow to stockholders | $ |
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