Question
The 2013 balance sheet of Maria's Tennis Shop, Inc., showed $670,000 in the common stock account and $5.9 million in the additional paid-in surplus account.
The 2013 balance sheet of Maria's Tennis Shop, Inc., showed $670,000 in the common stock account and $5.9 million in the additional paid-in surplus account. The 2014 balance sheet showed $705,000 and $6.8 million in the same two accounts, respectively. If the company paid out $350,000 in cash dividends during 2014, what was the cash flow to stockholder's for the year?
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Military Finances Personal Money Management For Service Members Veterans And Their Families
Authors: Cheryl Lawhorne-Scott, Don Philpott
1st Edition
144222214X, 978-1442222144
