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The 2010 balance sheet of Maria%u2019s Tennis Shop, Inc., showed $460,000 in the common stock account and $3.2 million in the additional paid-in surplus account.
The 2010 balance sheet of Maria%u2019s Tennis Shop, Inc., showed $460,000 in the common stock account and $3.2 million in the additional paid-in surplus account. The 2011 balance sheet showed $500,000 and $3.5 million in the same two accounts, respectively.
If the company paid out $410,000 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.) |
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