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The 2014 balance sheet of Sugarpovas Tennis Shop, Inc., showed $540,000 in the common stock account and $3.4 million in the additional paid-in surplus account.
The 2014 balance sheet of Sugarpovas Tennis Shop, Inc., showed $540,000 in the common stock account and $3.4 million in the additional paid-in surplus account. The 2015 balance sheet showed $580,000 and $3.8 million in the same two accounts, respectively. |
If the company paid out $500,000 in cash dividends during 2015, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) |
Cash flow to stockholders | $ ? |
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